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Nova Scotia government’s budget deficit continues to grow: finance minister

Finance Minister John Lohr tables the provincial budget at Province House in Halifax on Tuesday, Feb. 18, 2025. THE CANADIAN PRESS/Kelly Clark.

Nova Scotia’s finances have slid further into the red.

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Finance Minister John Lohr announced this morning that the province’s deficit has grown to $1.29 billion.

That’s $64.4 million more than the government expected in its September update.

Lohr says the larger deficit is the result of more health-care spending and tax cuts.

The province also spent almost $25 million to cover the cost of fighting wildfires over the summer.

Altogether, the province says it’s added $1.33 billion in new spending since the spring budget.

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