Nova Scotia ends fiscal year with $116M surplus

The Nova Scotia government is ending the 2022-23 fiscal year with a $116M surplus rather than the half billion dollar deficit projected in the budget tabled March 29, 2022.

The Nova Scotia government is ending the 2022-23 fiscal year with a $116M surplus rather than the half billion dollar deficit projected in the budget tabled March 29, 2022.

The shift comes as a result of $2B in extra revenue and despite a record amount of spending outside the Progressive Conservative government's fiscal plan.

According to figures released Tuesday, the Houston government spent a whopping $1.7B in additional appropriations, most of it since last December and through the spring.