POLITICS

Highlights of New Brunswick budget for 2014-15 released Tuesday

02/04/2014 12:25 EST | Updated 04/06/2014 05:59 EDT
FREDERICTON - Highlights of the New Brunswick budget released Tuesday:

— A projected deficit of $391 million in a $8.4-billion spending program.

— Net debt is expected to increase by $530.7 million to reach $12.2 billion by March 2015 — that's $16,136 for every man, woman and child in the province.

— The government is forecasting a balanced budget by 2017-18.

— $27 million will be spent on the New Brunswick Drug Plan to cover 70,000 families who currently have no drug coverage.

— $555 million capital budget with only $35 million for new projects and the rest to maintain existing infrastructure.

— No increases to income, gas or consumption taxes in 2014-15.