Says Murrell, an economics professor at UNB, “promises of balanced budgets, fiscal growth and prudent spending generally go unrealized in Atlantic Canada. Large government, huge debts, unchecked spending and creative accounting are far more likely to be found here.”
Murrell and co-author Bruce Winchester have just published the second annual review of budget performance in Atlantic Canada. Could Do Better 2 again grades the public finances of the Atlantic Provinces relative to each other and to the Canadian average.
The region doesn’t do well. Its overall grade is a mere C, which is slightly better than the C- they got last year.
Nova Scotia has improved from a C/C+ last year to a solid C+ this year, with spending per capita at lower than the national average and size of government not only lower than the national average but much lower than anywhere else in the region. This prudence likely reflects not a cautious government however, but the realities of an ongoing debt crisis, one that is still not resolved even with the funds coming in from the offshore deal with
Deficits, big government and more deficits are the story on
For further information, please contact:
Bruce Winchester, (613) 276-8830