The province's business community was stunned to learn this week, that New Brunswick's PC government wiped away a projected $131-million deficit in the current 2018-19 fiscal year. Premier Blaine Higgs made the announcement Thursday evening during his first State of the Province speech at a dinner hosted by the Fredericton Chamber of Commerce. "This is basically our budget that is being balanced, and he's [Higgs] balancing on cutbacks," said Liberal MLA Guy Arseneault following the speech. Deficit wiped out sooner than expectedDuring last year's election campaign, Higgs said his government would deliver a balanced budget by 2020-2021. Raffy said he's waiting to see how Higgs's plans will be laid out during next month's budget.

Source: CBC News February 01, 2019 11:35 UTC