The provincial deficit is smaller but the net debt in this province is up to 10 billion dollars.
Those numbers from audited financial statements from the Alward government.
Kevin Lacey of the Canadian Taxpayers Federation tells CHSJ News its a cop out to blame changes in some of the numbers on the cost of dealing with provincial flooding and increases to pensions.
He says helping people with flooding is a necessary expense and he says the government hasn’t done anything to reform pensions and the millions its costing New Brunswickers won’t change.
The Finance Department says spending was down by $128.8 million marking the first time in the last 11 years that expenses decreased from the year before.
CTF Reacts To Audited Finacial Statements
