FREDERICTON - Highlights of the New Brunswick budget introduced Tuesday:
— A projected deficit of $479 million in an $8.5 billion spending program.
— Net debt is expected to reach $11.6 billion by March 2014, an increase of $594 million — that's $15,365 for every man, woman and child in the province.
— On July 1, personal income tax rates will be returned to 2006 levels — an increase of about $3 per week for a single person making $40,000 per year.
— The corporate income tax rate will increase to 12 per cent from 10 per cent on July 1, a measure expected to generate $17 million in extra revenue for 2013-14.
— The tobacco tax on cigarettes will be increased by two cents per cigarette as of Wednesday.