Revenues increased, expenses decreased in first quarter
The provincial government has introduced fixed reporting dates for quarterly fiscal updates in conjunction with the first-quarter update for 2015-16. The first-quarter fiscal update for 2015-16 is projecting a deficit of $470.6 million, an improvement of $6.2 million compared to the budget deficit projection of $476.8 million. In photo, Finance Minister Roger Melanson spoke about the update to reporters.