The second-quarter provincial economic and fiscal update has improved projections from February’s budget and the first quarter. 2016-17’s new projected deficit is $231.6 million, with Finance Minister Cathy Rogers not expecting to use the $100 million contingency fund. Revenue is $25.9 million higher than budgeted, but total expenses are at $10.4 million higher. You can read the full update here:
http://www2.gnb.ca/content/dam/gnb/Departments/fin/pdf/Publications/2016-2017SecondQuarterReport.pdf