The Higgs government is projecting another small budget surplus in the coming year, despite projections of continued economic growth and increases in household incomes.
After exploding budget surpluses of $777.3 million last year and $862.2 million, an all-time record, in the current fiscal year, Finance Minister Ernie Steeves says it will drop to just $40.3 million in 2023-24.
Steeves told reporters that’s because a lot of the revenue driving up the current surplus was due to one-time anomalies not guaranteed to repeat themselves in the coming year.
“We ran into some oddities last year,” he said, referring to adjustments to federal calculations that
