Back to Balance
Grow the economy over the long term
Getting back to balance—and staying there—requires that our economy grow. A strong economy generates tax and other revenues that help pay for programs and services like health care, education, and roads.
Government will work with the private sector to promote economic growth. Currently, government spends or lends up to $500 million annually on economic development through agencies like Nova Scotia Business Inc (NSBI), and departments which support economic development, tourism, energy and natural resources. In addition, our government has approximately $540 million in outstanding loans with business and industry in the province.
To further grow the economy, investment is needed in business development, workplace training, literacy, innovation, research and development, and other measures.
Today’s investments in economic development will not affect the economy right away—but rather in the years ahead.
