According to the budget, the province will run its second consecutive deficit in 2024/25.
Blog - Fraser Forum
When commercial centres have lower median employment incomes than capital cities, the private sector may be in real distress.
Every Nova Scotian is responsible for $18,906 in provincial government debt in 2023/24.
The province has some of the highest personal income taxes in North America.
Provincial and federal net debt has increased by $1.0 trillion from 2007/08 to 2023/24.
Last year, builders in the province built nearly 60 per cent fewer new homes per person compared to 1973.
The government can hold nominal spending flat for one year without creating any management challenges.
The government plans to overspend by $11.2 billion relative to its 2023 budget plan.
The government wants to fundamentally change the way 95 per cent of the province's land and water is managed.
If current trends continue, people in countries such as Estonia, Korea and Turkey will have higher living standards than Canadians.
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