POLITICS

New Brunswick gets $45M more in transfers but finance minister says more needed

12/15/2014 04:28 EST | Updated 02/14/2015 05:59 EST
FREDERICTON - New Brunswick will receive an additional $45 million in transfers from Ottawa next year but the province's finance minister says that increase lags the rest of the country.

The Federal Finance Department says the province will receive almost $2.7 billion in transfers in 2015-16.

But provincial Finance Minister Roger Melanson says the province needs more.

Melanson says there is about a 4.5 per cent growth in transfer funding nationally, while New Brunswick's increase is just 1.7 per cent.

He says the province, with its aging population, has specific needs and he will make federal Finance Minister Joe Oliver aware of them.

Melanson says the level of transfer funding won't impact the capital budget he'll deliver on Wednesday.