Provincial Spending Comes in Under Budget

first_imgFor the second year in a row, the province’s spending will come in below estimate. This will be the first time in 23 years that has been achieved. “It was a priority of government to get spending under control and we are doing just that,” said Premier Darrell Dexter. “This shows that the province is making real and significant progress in its efforts to live within its means.” The premier made the announcement while speaking today, March 23 at a Nova Scotia Chambers of Commerce event in Halifax. He stressed that to protect services that are important to Nova Scotia families, the province needs to be on solid financial ground. It has already taken significant steps to reduce spending, including public sector wage restraint, saving $250 million, and superannuation changes, savings $168 million. The province also eliminated March Madness, the practice of unbudgeted end-of-year spending. On average, annual extra spending in the previous 10 years was $277 million, amounting to more than $2.5 billion in unbudgeted spending. “It is through a combination of large and small initiatives that the province was able to get spending under control,” Premier Dexter said. “We will continue those efforts in 2011-12 because that is the right decision for Nova Scotians.”last_img

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