27 Sep Budget update: Increased Healthcare spending and a $34.5 million surplus
Minister of Finance and Treasury Board Karen Casey gave an update on the 2018-2019 provincial budget, which continues to show a surplus for the year, while investing more in healthcare.
The budget is projecting a surplus of $34.5 million, while increasing health care spending by $70.8m.
Liberals know that you need a sustainable fiscal path to make the investments that Nova Scotians need.
That’s why with an improved budget outlook this year, we are investing more in the healthcare services you need.
And importantly, our debt servicing costs – the interest we pay on the provincial debt – are down $14.6 million.
Our hard work to bring the finances of the province back to a sustainable path have been recognized by bond-rating agency Standard and Poor’s who recently gave Nova Scotia our highest-ever credit rating.