Home News Canada Nova Scotia Nova Scotia Nova Scotia deficit projection rises by more than 70 per cent to record $1.2 billion HALIFAX - Nova Scotia is forecasting a record deficit of $1.2 billion for the current fiscal year. Sept. 22, 2025 Sept. 22, 2025 1 min read Save New subscriber benefit! Copied to clipboard A gifted article has been claimed. Out of gifts for the month Unfortunately you've used all of your gifts this month. Your counter will reset on the first day of next month. Share this article paywall-free Email Copy Link Copy article link Email Finance Minister John Lohr tables the provincial budget at Province House in Halifax on Tuesday, Feb. 18, 2025. THE CANADIAN PRESS/Kelly Clark flag wire: true flag sponsored: false article_type: pubinfo.section: cms.site.custom.site_domain : thestar.com sWebsitePrimaryPublication : publications/toronto_star bHasMigratedAvatar : false firstAuthor.avatar : By The Canadian Press HALIFAX - Nova Scotia is forecasting a record deficit of $1.2 billion for the current fiscal year.The figure released today is a jump of $527.9 million from the $697.5-million deficit projected in February’s budget.Finance Minister John Lohr says the new estimate is concerning, but he stopped short of saying whether the government would need to tighten spending. ARTICLE CONTINUES BELOW Lohr says population growth and consumer spending are slowing, leading to a $44.9-million drop in the province’s projected revenues.Government spending, meanwhile, is up by $503 million more than forecast, primarily in the health sector.Lohr says the province ended the last fiscal year with a surplus of $264.8 million, up from a projected deficit of $467.4 million.This report by The Canadian Press was first published Sept. 22, 2025. Report an error Journalistic Standards About The Star Trending Federal Politics Mark Carney in high demand ahead of UN General Assembly 23 mins ago Comments Blue Jays Opinion Mike Wilner: For the playoff-bound Blue Jays, clinching in K.C. wasn’t the only relief 1 hr ago Comments Toronto's Worst Commute? Is this Toronto’s worst commute? 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Blue Jays Opinion Mike Wilner: For the playoff-bound Blue Jays, clinching in K.C. wasn’t the only relief 1 hr ago Comments
Toronto's Worst Commute? Is this Toronto’s worst commute? We test a TTC route so miserable, it forced one woman to move 1 hr ago Comments
Blue Jays Blue Jays magic number: All eyes turn to AL East title with playoff berth clinched 1 hr ago Comments
Gta Are Ontario’s middle schools hurting student achievement? A new report says yes — but that’s not the whole story 6 hrs ago Comments
Leafs Maple Leafs captain Auston Matthews rates the contenders for Mitch Marner’s old job 8 hrs ago Comments
Books Spouse of Nova Scotia mass shooter to publish memoir about domestic violence 13 mins ago Comments
Gta Woman wanted for second-degree murder arrested in º£½ÇÉçÇø¹ÙÍøafter Canada-wide warrant Article was updated 26 mins ago Comments
British Columbia RCMP escort CFIA to execute search warrant on B.C. ostrich farm Article was updated 14 mins ago Comments
Canada Hate crime bill could criminalize protests, civil liberties’ group says Article was updated 1 hr ago Comments
Canada Canada’s new immigration bill seeks power to cancel or suspend applications and documents. Experts say these are the groups likely to be targeted
Federal Politics Chrystia Freeland quits Mark Carney’s cabinet with ‘tremendous gratitude’ and a ‘little sadness’
Gta Boy, 12, ‘left to die’ in basement by prospective parents who ‘despised’ him, Crown says at open of horrific Ontario murder trial
Federal Politics Mark Carney’s government says $53 billion merger of B.C. mining giant and British firm must do more for Canada
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