12/15/2016 02:23 EST | Updated 12/16/2017 00:12 EST

Nova Scotia's finance minister to present second fiscal update for 2016-17

HALIFAX — The Nova Scotia government is scheduled to give an update on the province's finances today.

Finance Minister Randy Delorey is due to deliver the second budget forecast for 2016-17 this morning.

The update will come a day after members of the Nova Scotia Government and General Employees Union voted to reject a tentative agreement.

Delorey said the NSGEU deal was fair and affordable, adding that any plan "has to respect our ability to pay and not put at risk our fiscal plan."

The province had offered a four-year contract that starts with a two-year wage freeze followed by a three per cent increase in the final two years.

Nova Scotia posted a razor-thin surplus of $17.1 million in its 2016-17 budget tabled last April and projected a slightly increased surplus of $18.9 million in September.