New Brunswick Finances Worsen With Province Projecting a $1.3-Billion Deficit

New Brunswick Finances Worsen With Province Projecting a $1.3-Billion Deficit
New Brunswick Finance Minister René Legacy presents provincial budget in Fredericton on March 18, 2025. The Canadian Press/Ron Ward
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New Brunswick’s finances have slipped further into the red, with the government now projecting a deficit of $1.33 billion.

Finance Minister René Legacy released the province’s third-quarter fiscal update today showing the projected deficit is up almost $800 million from the $549-million deficit in the spring budget.