FREDERICTON — The New Brunswick government plans to increase spending in today’s provincial budget and delay a return to balanced budgets for the next couple of years. The source says the government now expects to see a return to balanced books in the 2021-2022 budget year. But Charles Lammam of the Fraser Institute says it’s time the New Brunswick government cuts spending and starts to address a net debt of $14 billion. He says when measured as a share of the provincial economy, New Brunswick currently stands as one of the most indebted provinces in all of Canada. Jeff Carr of the Opposition Progressive Conservatives says the government is being irresponsible in its spending and should be reducing the debt now.

Source: National Post January 30, 2018 09:22 UTC