With a provincial election looming and the New Brunswick legislature about to adjourn, Premier David Alward is in the hot seat over his party’s spending habits. The Atlantic Institute for Market Studies says that while New Brunswick has taken steps to curb spending, it still needs to tackle its massive and ballooning debt.
A new study from the Institute suggests the government isn’t working hard enough to reduce the deficit and trim what will soon be more than $12 billion in debt. The study’s co-author, David Murrell, says with Ontario and Quebec now receiving equalization payments from Ontario, reducing debt in a small province like New Brunswick is critical.
*This piece, along with a video featuring UNB economics professor and AIMS author David Murrell, is available at CTV Atlantic