New Brunswick Finance News Releases

The provincial government tabled today a $466-million capital budget for 2013-14 that is focused on maintaining existing assets and completing projects already underway. Only $3.5 million will be spent to start new projects, down from $24 million in 2012-13 and $42 million in 2011-12.

The provincial government is transitioning from issuing fines to applying administrative penalties for infractions under the Gasoline and Motive Fuel Tax Act and the Tobacco Tax Act. This is being done to improve compliance with provincial legislation and recover more unpaid fines.

The provincial government is transitioning from issuing fines to applying administrative penalties for infractions under the Gasoline and Motive Fuel Tax Act and the Tobacco Tax Act. This is being done to improve compliance with provincial legislation and recover more unpaid fines.

The provincial government is transitioning from issuing fines to applying administrative penalties for infractions under the Gasoline and Motive Fuel Tax Act and the Tobacco Tax Act. This is being done to improve compliance with provincial legislation and recover more unpaid fines.

The provincial government introduced today legislation that will make the property tax system more fair, equitable and transparent.

The provincial government introduced today legislation that will make the property tax system more fair, equitable and transparent.

The provincial government introduced today legislation that will make the property tax system more fair, equitable and transparent.

The provincial government released its second quarter report today which projects the deficit to be $173 million larger than originally forecast mainly due to lower provincial revenues.

The provincial government released its second quarter report today which projects the deficit to be $173 million larger than originally forecast mainly due to lower provincial revenues.

Premier David Alward visited Saint John today to report on progress being made to make public pensions in New Brunswick more secure, sustainable and affordable.

The provincial government recorded a deficit in 2011-12 of $260.6 million, according to audited financial statements released today. This was $188.2 million less than the budgeted deficit of $448.8 million.

The provincial government released today a new pension model developed by the Task Force on Protecting Pensions in collaboration with a number of union leaders. The model has received support from several public and private sector plan sponsors, including unions and the provincial government.

A tobacco retailer in Bouctouche, Wagon Wheel Convenience / J.P.'s Ultramar, was recently fined $292.50 and had its tobacco licence suspended for a month, from May 1 to June 1, as a result of selling tobacco to persons under the age of 19.

Legislation was introduced today that would increase a tax on financial institutions, the Financial Corporation Capital Tax, from three per cent to four per cent.

The provincial government tabled its 2012-13 budget today with plans to further reduce the deficit by more than half.

A document entitled 2011 Report to Cabinet: A Strategic Review of Alcool NB Liquor was released today by Daniel Allain, president and chief executive officer of NB Liquor.

The provincial government released its third quarter report today which shows the province’s deficit picture has improved from last quarter. The province is projecting a deficit of $471.1 million, which is $74.6 million less than the projection last quarter.

As part of the budgetary process for the 2012-13 fiscal year, user fees will be increased to raise nearly $ 6 million in additional revenue, Finance Minister Blaine Higgs announced today.

Finance Minister Blaine Higgs will hold a series of pre-budget consultations with the public and stakeholders starting Monday, Jan. 16.

Application forms for the 2012 Home Energy Assistance Program will be available on Dec. 22. The provincial government has committed to extend the program over the next five years.