New Brunswick budget to provide targeted spending as debt worries grow
FREDERICTON — The New Brunswick government will bring in targeted spending increases in its budget Tuesday, with fiscal balance remaining years away.
A government source with knowledge of the budget to be presented by Finance Minister Cathy Rogers says the document includes a 5.4 per cent hike in grants to community colleges, and funding for “research and strategic initiatives.”
The source said it will also mean a five per cent increase in funds available for financial assistance for both university and community college students.
The increase takes funding for those areas from almost $162 million last year to $170.3 million in the upcoming budget — the Liberals’ third.