A $50-million contingency fund to deal with U.S. tariff threats has caused New Brunswick’s projected deficit for the coming fiscal year to balloon to nearly $600 million.
Finance Minister René Legacy says the “daily pivoting in direction on tariffs” from U.S. President Donald Trump makes the contingency fund necessary.
The provincial Liberal government’s first budget since winning election in October comes in the midst of a trade war with the United States and the threat of a sweeping 25 percent tariff on goods from Canada.
Total revenues for the province in 2025-26 are budgeted to be nearly $13.8 billion, while total expenditures before the contingency fund are pegged at $14.3 billion….