Fiscal report gives New Brunswick political parties pre-election fiscal guidance

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FREDERICTON - The New Brunswick government released a pre-election fiscal outlook today aimed at giving the political parties guidance as they prepare for the Sept. 22 provincial election.

The 27-page document was mandated as part of the recently enacted Fiscal Transparency and Accountability Act.

It provides detailed information on New Brunswick's economic and fiscal situation including a net debt that's expected to hit $12.2 billion by March 2015.

The Progressive Conservative government released an $8.4-billion budget in February and is counting on a recovery in the natural resource sector to fuel the economy in the coming years.

Under the new act, political parties must cost out all their campaign promises.

The document provides figures on the impact of increasing various taxes and the cost of building new infrastructure, such as roads, schools and nursing homes.

Geographic location: New Brunswick, FREDERICTON

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