Today, the provincial government is releasing its budget. While there has been much talk about getting "back to balance," CCPA-NS has advocated for a budget that more accurately reflects the province's real fiscal situation. Our fact sheet, "Twelve Things You Should Know about nova Scotia's Fiscal Situation," explains that the deficit and the debt aren't really urgent problems for Nova Scotia. The province's debt-to-GDP ratio and the portion of GDP going towards debt servicing costs have declined dramatically in the last few years.
Instead of making cuts that will slow our economic recovery and jeopardize our quality of life, CCPA-NS has offered and Alternative Provincial Budget that makes targeted investments, paid for through progressive taxation, that will move the province "Forward to Fairness."
An entire press release, "Understanding the Provincial Budget," can be found here.
"Twelve Things You Should Know about Nova Scotia's Fiscal Situation" can be downloaded here.
The Nova Scotia Alternative Budget 2012 can be downloaded here.
Read a blog post that explains the Alternative Budget by Research Associate Jason Edwards, here.