Finance Minister John Lohr says the deficit has been cut because the Nova Scotia government expects to collect $642-million more in revenue in the 2024-25 fiscal year

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Canada

Nova Scotia budget update slashes deficit by $220-million, mostly due to higher tax revenue

Favourable financial winds have again led to more revenue for Nova Scotia’s PC government, resulting in a shrinking deficit and more over-budget spending.

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N.S. budget update shows increased revenues, but challenges on the horizon

The Nova Scotia government is forecasting a deficit of $247.5 million for the current fiscal year — an improvement of almost $220 million compared to what was estimated.

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Toronto

Ontario

Nova Scotia budget update slashes deficit by $220M, mostly due to higher tax revenue - Halifax

The Woodbridge Company

Instead of the predicted $467.4 million deficit, the forecast has been revised to $247.5 million in the red. The post Nova Scotia budget update predicts smaller deficit appeared first on Halifax Examiner.

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Halifax Regional Municipality

Nova Scotia

Nova Scotia budget update predicts smaller deficit - Halifax Examiner

HALIFAX — The Nova Scotia government is forecasting a deficit of $247.5 million for the current fiscal year — an improvement of almost $220 million compared to what was estimated in last February’s budget. In an update today, Finance Minister John Lohr says the deficit has been slashed because the government expects to collect $642 million more in revenue — for a total of $16.5 billion — in the 2024-25 fiscal year, mostly from provincial taxes. …

Loonie Politics

Nova Scotia budget update slashes deficit by $220M, mostly due to higher tax revenue

The Nova Scotia government is forecasting a deficit of $247.5 million for the 2024-2025 fiscal year, which is down $219.9 million from its prediction earlier this year. Finance and Treasury Board Minister John Lohr presented the deficit update on Friday, according to a news release from the province. Last March the government forecasted a $467.4 million deficit when it tabled the budget. Revenue is projected to be $16.5 billion, which is an incr…

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N.S. government releases deficit projection #CDNNews #Canada #CanadaBusiness #CanadaEconomy

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Halifax, Nova Scotia

Nova Scotia budget update slashes deficit by $220-million, mostly due to higher tax revenue

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