Province Projecting $778.8 Million Deficit

by Bobby NockDecember 17, 2020

Finance Minister Karen Casey says the province is forecasting a slightly smaller deficit than in July in today’s budget update.

The projected deficit for 2020-21 of $778.8 million.

That’s down from $833.9 million in July.

The government was forecasting a $55 million surplus in February before the pandemic hit.

The government says it’s increasing its authority to borrow by an extra billion dollars to respond to COVID-19 if required.

Bobby Nock

Bobby grew up in Whycocomagh before moving to Halifax to attend university where he earned a Bachelor of Arts and a Bachelor of Journalism degree. After university, Bobby moved back to Cape Breton where he began working as a freelance journalist and has done work for both print media and as a broadcast journalist. As the News Director, Bobby Nock will get your day started by bringing you information that helps connect you to the community with all the latest in local news.

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