Auditor General Kim MacPherson says that she is encouraged by the province’s first annual surplus in a decade.
But her report released on Wednesday revealed concern over the province’s elevated net debt.
The surplus from 2018 was 67 million dollars, but MacPherson says that surplus is a result of the collection of higher tax revenues and transfers from the federal government and our per capita debt has risen from $10,100 in 2009 to now $18,300.
MacPherson says when comparing New Brunswick’s net debt per capita with other provinces, we have now surpassed Nova Scotia and says this comes as a surprise because if you look back to 2009, Nova Scotia’s net debt was quite a bit higher than New Brunswick’s…
