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Funding Gap
The Government of Nova Scotia has a problem—and needs your help to solve it.
As a province, we are spending more than we are taking in.
The resulting shortfall, or deficit, must be covered each year by borrowing money. This adds to the large debt the province already has.
If nothing is done, the funding shortfall to pay for programs and services will get worse, even as the economy begins to recover.
Over the next two or three years, the province won’t get as much money from sources like federal transfer payments and offshore natural gas royalties.
At the same time, the cost of programs and services will continue to rise steadily.
