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flag New Brunswick's 2026 deficit hits $1.33 billion, driven by health costs, tax shortfalls, and overspending, threatening its 2028 balanced budget goal.

flag New Brunswick’s fiscal deficit has reached a record $1.33 billion in 2026, more than double earlier projections, driven by lower tax revenues, rising health-care costs, population growth, and overspending in key departments. flag Finance Minister René Legacy cited $432.5 million in excess health spending, largely from new physician contracts, and $127.1 million in social development overruns. flag The province’s net debt now stands at $13.9 billion. flag Legacy acknowledged the challenge of meeting the 2028 balanced budget goal, warned of tough choices including possible school closures, and emphasized that fiscal pressures are shared by other provinces.

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