FREDERICTON — New Brunswick Finance Minister Ernie Steeves tabled a $10.7-billion budget for 2021-2022 on Tuesday. Here are some highlights:
- Projected deficit of $244.8 million for 2021-22 and an increase in net debt of $241 million to reach $14.1 billion by end of March 2022.
- $64.7 million to address continuing COVID-19 pressures, including $30 million to immunize New Brunswickers and $15.4 million for triage, assessment, testing and contact tracing.
- Effective April 1, the province will increase its tax on carbon-emitting products to $40 per tonne from $30 per tonne as required by the federal backstop. This will result in a carbon tax increase of 2.21 cents per litre for gasoline and 2.68 cents per litre for diesel.
- $7 million in spending across several departments to address mental health issues.
- $11.1 million for physician recruitment in 2021-2022.
- Renewal of the Explore NB Travel Incentive program that offered New Brunswickers a 20 per cent rebate on travel expenses within the province last year.
This report by The Canadian Press was first published Mar. 16, 2021.
The Canadian Press