Finance minister credits increased offshore oil production
Government on track to meet its year-end target
Revenues, spending have both increased
Deficit could exceed $1 billion as early as next year if nothing is done
Federal government will move ahead with plans to reduce taxes for small and medium-sized businesses next year
Tax assessments turned out to be much lower than projected in 2009
Throne speech coming Tuesday
Finance minister reiterates promise not to increase HST
Source: The Canadian PressThe Prince Edward Island government says its deficit in 2009-10 was nearly $11 million lower than projected.Finance Minister Wes Sheridan gave an update on the province’s finances Friday in the legislature.The government says the estimated deficit for the last fiscal year was budgeted at more than $85 million, but ended up at […]
Finance minister begins budget consultation process