New Brunswick had surplus last year, auditor says days ahead of election call
FREDERICTON — New Brunswick’s Liberal government got some good pre-election news today: The auditor general says the province actually had a surplus last year.
Audited financial statements, released today, show a surplus of $67 million for the fiscal year of 2017-2018.
Finance Minister Cathy Rogers says the surplus is the result of a decrease in expenditures and a $150 million increase in revenues — largely due to corporate income taxes.
She says the economy is growing at a rate faster than predicted by private sector economists.
