N.B. fiscal update projects bigger deficit due to ‘significant’ travel nurse costs

2 hours ago 1

By The Staff The Canadian Press

Posted November 15, 2024 12:40 pm

1 min read

 'High outgo  of question   nurses helps thrust  shortage  forecast successful  New Brunswick'

1:52 High outgo of question nurses helps thrust shortage forecast successful New Brunswick

RELATED: The New Brunswick authorities is projecting a shortage for the archetypal clip successful years. According to the concern minister, that's successful ample portion due to the fact that of costly question caregiver contracts. Suzanne Lapointe has the details – Aug 29, 2024

New Brunswick’s caller Liberal concern curate is projecting a shortage of $92.1 cardinal for the existent fiscal year, a reversal from the $40.9-million surplus budgeted past outpouring by the erstwhile Progressive Conservative government.

René Legacy’s 2nd 4th update released contiguous shows a worsening concern since the past update successful August, which pegged the shortage astatine $27.6 million.

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He says that arsenic of the extremity of September, full gross this twelvemonth is projected to beryllium $118.8 cardinal higher than budgeted.

Legacy attributes the gross maturation to an summation successful conditional grants from the national authorities and gains successful some idiosyncratic and firm income tax.

However full expenses are projected to beryllium implicit fund by $251.8 million, with the astir important spending coming from the Health Department — which is implicit fund by $193 cardinal — chiefly due to the fact that of contracts with backstage firms to supply impermanent nurses, besides known arsenic question nurses.

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The nett indebtedness is projected to beryllium $12.2 billion.

This study by The Canadian Press was archetypal published Nov. 15, 2024.

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