Nova Scotia 2023-24 budget on track with deficit forecast of $264 million: minister

Finance and Treasury Board Minister Allan MacMaster leaves a press conference at the Nova Scotia legislature in Halifax, on Thursday, March 23, 2023. THE CANADIAN PRESS/Darren Calabrese

HALIFAX - Nova Scotia鈥檚 budget remains on track with a slight $14.6-million improvement over the $278.9-million deficit estimated last spring, says Finance Minister Allan MacMaster.

In a budget update presented Monday, MacMaster said the reduced deficit forecast for the 2023-24 fiscal year 鈥 now standing at $264.3-million 鈥 is mainly due to increased tax revenue from the growing population.

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