Highlights from New Brunswick’s 2025-26 budget
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Hey there, time traveller!
This article was published 18/03/2025 (199 days ago), so information in it may no longer be current.
FREDERICTON – New Brunswick Finance Minister René Legacy has tabled the province’s budget for the 2025-26 fiscal year, which includes measures to help workers and businesses affected by U.S. tariff threats. Here are some highlights:
— Total spending is forecast to be $14.3 billion.
— The deficit is projected to be $549 million, which grows to $599 million when a $50-million contingency fund to cushion against the uncertainty of tariffs is included.
New Brunswick Finance Minister René Legacy presents provincial budget in Fredericton on Tuesday March 18, 2025. THE CANADIAN PRESS/Ron Ward
— Revenues are projected to be $13.8 billion and real gross domestic product growth is forecast at 1.1 per cent for 2025.
— Health care spending is to increase to $4.1 billion, which is about $293 million more than last year.
— The New Brunswick Housing Corp. budget increases by $36.6 million, up 18.6 per cent from the previous year.
— An increase of nearly $16.4 million to hire teachers to help address growth in student enrolment.
— An extra $22 million for nursing homes and specialized beds to support the province’s aging population and keep wait-lists from growing.
— New Brunswick will spend $9 million on transitional housing and outreach services for domestic violence victims.
This report by The Canadian Press was first published March 18, 2025.