01.04.2015 15:12:00

New Brunswick, Province of -- Moody's: New Brunswick's Increased Budget Deficit Is Credit Negative

Toronto, April 01, 2015 -- Moody's Investors Service notes that the first budget of New Brunswick's new government, elected in September 2014, forecasts a CAD476.8 million deficit (equivalent to 5.7% of revenue) in 2015/16. This represents a material deterioration from the forecasted 2014/15 results, which are expected to produce a deficit of CAD255.4 million (3.1% of revenue).

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