The provincial books will not be balanced anytime in the next two years.
That means the Alward Government will not reach its goal of a balanced budget by the time the next provincial election is held in 2014.
Provincial Finance Minister Blaine Higgs says the only way it will happen is through a balanced approach of containing costs and raising more government revenue.
Higgs doesn’t see any big improvement with the deficit happening. He says the provincial economy is not bouncing back from the 2008 recession and New Brunswick is at the bottom when its comes to economic growth as compared to the other provinces.
