26 Jul Continuing on our Sustainable Fiscal Path
A sustainable fiscal path. That’s what we announced today as we closed the books on fiscal year 2017-2018 and announced our second consecutive surplus. Our financial statements show a surplus of $230 million. The net position is $120 million. This is the result of determination and prudent financial decisions, and allows us to focus on the priorities of Nova Scotians.
We have worked hard with Nova Scotians and have focused our efforts on creating the right conditions so the private sector can be successful.
These conditions have led to many positive outcomes:
- record levels of seafood exports
- a record number of tourists visiting our province
- highest population numbers in the history of the province
- more full-time jobs in Nova Scotia now than at any point in our history
- more young people staying in or returning to Nova Scotia than leaving, for the first time in 30 years
- stronger consumer spending
We continue to invest in healthcare by recruiting more doctors and nurses , we have expanded the pre-primary program , hired more classroom teachers and specialists, repaired and expanded our infrastructure – including school, hospitals, and roads – all while cutting taxes.
We have also announced an additional $73 million that will be added to the Internet Trust to expand highspeed internet service to more homes and businesses. That brings the total invested in the trust to $193 million.
We have come a long way. When we formed government in October 2013, we were starting from a $676.9 million deficit. The province was borrowing money to pay the bills.
Your Liberal government’s fiscal efforts have been recognized beyond our province and are producing real results for Nova Scotians. We look forward to continuing this momentum and seeing many more positive outcomes for people across Nova Scotia in the future.