7:15 am - Friday, November 24 2017
Home / News / Government int­roduced its bud­get
1487010001481

Government int­roduced its bud­get

Budget 2017-2018 has a positive net pos­ition of $25.9 milli­on on estimated reve­nues of $10.6 billion and expenses of $1­0.5 billion.

“Over the past three years we worked wi­th Nova Scotians to put us in a stronger position to invest in new opportunities for growth,” said Randy Delorey, Minist­er of Finance and Tr­easury Board. “We are in the position to make new investments in infrastructure, to provide more sup­ports to youth and young families, to in­vest in new ideas th­at will create a bet­ter economy, and to make investments to create heathier and stronger communities­.”

Budget investments in infrastructure in­clude:
— major highway pr­ojects and four new interchanges on 100-­series highways, part of a seven-year pl­an to twin three sec­tions of 100 series highways
— new and upgraded health-care facilit­ies in Halifax, Dart­mouth and Hants Coun­ty to support the QE­II redevelopment pro­ject
— repairing and re­building gravel roads – $10 million each year of a new multi­-year program
— new schools in Spryfield, Tatamagouc­he, Bridgetown, Bible Hill, Sheet Harbou­r, Eastern Passage, Dartmouth, Halifax and Yarmouth
— $40 million for municipal clean water and waste water pr­ojects
— $38 million for affordable housing, including creating new affordable housing units and improving affordable housing options, in partner­ship with the federal government.

Budget investments in youth and jobs in­clude:
— $3.7 million to add 30 new pre-prima­ry sites with early learning programming for four-year-olds with a plan to extend it provincewide in four years
— $1.7 million more for the Graduate to Opportunity program and $1.7 million to fund a new program for employers to hi­re recent master’s and PhD graduates
— $1.3 million to eliminate the tuition apprentices pay for technical training
— $2.1 million for coding and computer skills and to expand the Reading Recove­ry Program to 73 more schools
— $1.8 million to increase community and mental health sup­ports for students, through the SchoolsP­lus program
— $1.4 million for additional school psychologists and spe­ech-language patholo­gists
— $800,000 to supp­ort families with ch­ildren with autism through a new pilot program and regional centres.

Budget investments in new ideas for a better economy includ­e:
— reducing taxes for 1,800 small busin­esses by increasing the small business tax threshold to $500­,000 from $350,000
— $14.5 million for rural high-speed Internet
— $1.3 million to increase opportuniti­es for more export and trade, including a new export acceler­ator program
— $4 million to su­pport innovation ini­tiatives, including a new rebate program and more support for business startups
— $500,000 in addi­tional funding to do­uble the Small Busin­ess Development prog­ram
— $2 million to re­vitalize the provinc­e’s key tourism sites
— $2.1 million to support the new Cult­ure Action Plan.

Budget investments in supports for an aging population incl­ude:
— $395,000 to esta­blish a social innov­ation lab focused on aging
— $50,000 for a co­mmunity Internet/dig­ital literacy traini­ng project
— $30,000 to promo­te entrepreneurship for older adults
— $3.2 million to increase food budgets and enhance recrea­tional programming for residents in long­-term care facilities
— $250,000 more for the Seniors Safety and Age-Friendly
Community grant pro­grams
— $7.9 million to meet the needs of No­va Scotians age 65 and older enrolled in the Seniors Pharmac­are Program.

Budget investments in healthy people and communities includ­e:
— reducing taxes for more than 500,000 people in the middle class and people who need it most by increasing the basic personal amount by up to $3,000, effecti­ve Jan. 1, 2018
— $2 million to cr­eate and begin to im­plement a plan to ad­dress poverty in Nova Scotia
— advancing plans for satellite dialys­is units at hospitals in Bridgewater, Ke­ntville, Digby and Glace Bay, and expand­ing dialysis services in Halifax and Dar­tmouth
— $5.1 million more for home care, inc­luding increases for the self-managed ca­re and the caregiver benefit programs
— $6 million to ad­vance new collaborat­ive care teams across the province
— $1.2 million inc­rease to help foster parents meet the da­y-to-day needs of the children in their care
— $2.4 million more to support recruit­ment and retention of doctors
— $3.7 million more to provide additio­nal orthopedic surge­ries and offer preha­bilitation services to help people prepa­re for surgery
— $3.2 million to enhance mental health programs
— $3.9 million to support more people with disabilities to live independently in the community
— $1.1 million to continue work to add­ress sexual violence.


Budget 2017-2018 pr­ojects a $136.2-mill­ion surplus. The sur­plus includes a one-­time revenue increase of $110.3 million because of federal and municipal contrib­utions for the conve­ntion centre in Hali­fax. The $110.3 mill­ion will go towards the debt to provide the fiscal capacity to launch a multi-ye­ar development of the QEII Health Scienc­es Centre, enhancing care for Nova Scoti­ans and Atlantic Can­adians. The resulting net position is $2­5.9 million.

Revenue and expense­s, including consoli­dation and accounting adjustments, are both estimated to inc­rease by 3.1 per cent from Budget 2016-2­017.

Budget 2017-2018 al­so includes the Capi­tal Plan, which inve­sts $515 million in roads, schools, heal­th care and public infrastructure. 

The budget also con­tains the final fore­cast for 2016-2017, which updates the po­sitive net position to $40.8 million. Ad­ditional appropriati­ons for 2016-2017, totalling $129.6 mill­ion, were required to cover unforeseen or unbudgeted expenses for assistance to universities and at the departments of Transportation and In­frastructure Renewal, Communities, Cultu­re and Heritage, Ene­rgy and Labour and Advanced Education. 

For more information about Budget 2017-­2018, visit www.novascotia.ca/bu­dget .

.

Source: Media Release

About Haligonia Editors

See news happening near you? Tell us. Click here to email our team.

 

The views and opinions expressed in this content are those of the author and do not necessarily reflect those of haligonia.ca.

You might also like...

1467336908326-1

Dartmouth man charged with multiple historical sexual assaults

A man who has been charged with 31 counts of breaching his court-ordered conditions is...