FREDERICTON — Highlights from the New Brunswick budget presented Tuesday:
— The province’s $10.2 billion budget for 2020-21 includes a projected surplus of $92.4 million.
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— New Brunswick’s net debt will be reduced by $129.3 million, reaching $13.7 billion by the end of March 2021.
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— Health funding is increasing by 3.9 per cent to $2.9 billion.
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— Interest rates on the provincial portion of student loans will be reduced to the prime rate from the prime rate plus 2.5 per cent.
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— Social assistance rates will be indexed to the Consumer Price Index.
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— As part of the New Brunswick carbon plan, gas taxes will decrease by 4.63 cents per litre, effective April 1.
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This report by The Canadian Press was first published March 10, 2020.
The Canadian Press
The Canadian Press
