Nova Scotia budget, first for Liberals since election, forecasts $279M deficit

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The Canadian Press

HALIFAX – The Nova Scotia government has delivered a $9.6-billion budget that forecasts a deficit of $279 million in 2014-15.

Premier Stephen McNeil answers questions at One Government Place.

 

The Liberals had warned that the budget, their first since winning power in October, would be in the red.

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Although revenues are up slightly at $9.6 billion, mainly due to a bump in personal income tax, overall departmental spending has increased by $455 million resulting in the deficit.

The government is increasing spending for health by $194.1 million, with $32.6 million to support home care services and another $10.6 million for programs aimed at recruiting and hiring doctors in rural areas of the province.

In education, the government will spend $18.6 million this year, including $7.2 million toward capping class sizes from Primary to Grade 2.

Another $3.5 million has been set aside for early literacy initiatives including the re-introduction of a reading program.

The government has also decided to eliminate a graduate retention rebate that provided university graduates with a maximum annual tax credit of $2,500, saving the government $49.5 million.

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  • Anne marie cameron
    April 03, 2014 - 14:33

    They take the university tax credit of 2,500 why not take it from the rich? like I always stated the rich get richer and the poor get poorer and the middle incomers stay the same.and I don,t even have kids in university,