Back to Balance
Getting Back to Balance
The Government of Nova Scotia has a serious problem—and needs your help to solve it.
As a province, we are spending more than we are taking in.
The resulting shortfall, or deficit, must be covered each year by borrowing money. This adds to the large debt the province already has.
If nothing is done, the deficit will grow each year reaching $1.4 billion by 2013. As more money is used to pay our debt, the province’s ability to deliver critical services like health care and education will be dramatically reduced.
Over the next two or three years, the province won’t get as much money from sources like federal transfer payments and offshore natural gas royalties.
At the same time, the cost of programs and services will continue to rise steadily.
