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New Brunswick projecting nearly $400-million budget deficit for this fiscal year

N.B. forecasts $400-million deficit for 2024-25

Feb 12, 2025
Feb 12, 2025 Updated Feb 12, 2025

Tanker rollover on highway in southern New Brunswick causes 36,000-litre fuel spill — New Brunswick's provincial flag flies on a flagpole in Ottawa, on Monday, July 6, 2020. THE CANADIAN PRESS/Adrian Wyld
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New Brunswick's provincial flag flies on a flagpole in Ottawa, on Monday, July 6, 2020. THE CANADIAN PRESS/Adrian Wyld
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FREDERICTON - The New Brunswick government is projecting a budget deficit of nearly $400 million for the current fiscal year.

The province's third-quarter fiscal update released today says the $398.9-million shortfall is mainly due to soaring health-care costs, including operating and personnel costs at regional health authorities and contracts for travel nurses.

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