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New N.B. government dramatically scales back capital spending

WATCH: New Brunswick's Progressive Conservative government has tabled a $600-million capital budget that dramatically turns away from the big spending of the previous Liberal government. Morganne Campbell brings us the latest – Dec 11, 2018

New Brunswick’s Progressive Conservative government has tabled a $600-million capital budget that dramatically turns away from the big spending of the previous Liberal government.

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Finance Minister Ernie Steeves says hard decisions are needed now about what government can afford if the province is to return to balanced budgets by 2020 or sooner.

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The previous Liberal government tabled an $815.3 million capital budget last year, and had projected to spend $865.6 million for the coming year.

The Tories have released a five-year plan that would see capital spending at roughly $600 million each year.

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Steeves says the plan will focus on maintaining roads, bridges and buildings.

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The biggest spending in 2019-2020 is $321 million to maintain transportation infrastructure, while almost $124 million goes to health care infrastructure, and $60.2 million in school infrastructure – including new elementary schools in Hanwell and Moncton.

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