Deficit, few new investments expected in 2014 Nova Scotia budget

HALIFAX – Nova Scotia Premier Stephen McNeil says his government’s budget will demonstrate the tough financial situation faced by the province.

The Liberals have already said their first budget since coming to power in last October’s election will register a deficit, largely due to steadily declining revenue.

McNeil is revealing few details, but says “strategic investments” will be made in education and in addressing wait times in health care.

Both were key promises during the election campaign, with the Liberals promising to spend a further $65 million on education.

But Finance Minister Diana Whalen cautions the government is still trying to find its fiscal feet and suggests bolder measures will likely have to wait until next year.

Whalen says Thursday’s fiscal plan will not pre-empt the government’s newly launched tax and regulatory review.

Progressive Conservative Leader Jamie Baillie says it’s disappointing to know the government will be adding to the debt by tabling a deficit budget.

Acting NDP Leader Maureen MacDonald says she wants to see if promises to spend on health care and education are carried through.