What is New Brunswick’s perspective on addressing the fiscal imbalance?
• The government of New Brunswick is calling upon the federal government to address the fiscal imbalance through increased federal transfer payments to provinces and territories. • Addressing the horizontal fiscal imbalance through the Equalization Program is New Brunswick’s first priority. • NB’s position on the Equalization Program is clear and consistent: – Formula-determined entitlements with no cap or ceiling on total entitlements – National Average Standard (10-province) – 100% revenue coverage, including resource revenues • This is a long-standing position supported by all political parties in New Brunswick. • By leveling the playing field across provinces, this would provide a solid foundation for other federal-provincial programs to build upon. • New investments in post-secondary education, skills training and infrastructure would further address the fiscal imbalance between the federal government and provincial-territorial governments. This would enhance competitiveness and p
