Heavy Construction

Canada's Heavy Construction News Site

Menu
  • Home
  • News Sources
    • Alberta
    • CDBI
    • Construction Canada
    • CTAA
    • Manitoba
    • NL
    • Nova Scotia
    • Red Deer
    • Vancouver
  • Contact
Menu

NS government releases public accounts for 2019-2020

Posted on August 27, 2020 by News

Nova Scotia released public accounts for the 2019-20 fiscal year last week.  The province’s growing economy and strong fiscal foundation helped lessen the financial impact of COVID-19 in the 2019-20 year.

The province reported a surplus of $2.3 million for the year ended March 31, 2020. This was $31.3 million lower than the estimated $33.6 million.

  • Total consolidated revenues were $12.34 billion, an increase of $454.1 million from the budget estimate mainly due to changes in tax revenue, recoveries and federal transfer payments.
  • Total consolidated expenses were $12.34 billion, an increase of $485.5 million from the budget estimate mainly due to COVID-19 relief funding, demand for various health-care and other social services, and additional funding required for the remediation of Boat Harbour. This was a result of updated cost estimates provided by engineering experts after preliminary testing on site.

The three-volume set of documents are online at https://beta.novascotia.ca/public-accounts

View original article here Source

Recent Posts

  • Teeple Architects announces new leadership team
  • Province will work with industry on construction heater regulation
  • Carr back in cabinet, pressed to support trade infrastructure investment
  • 2020 Robert Noble Awards Luncheon
  • Gold Seal Success Story – Mike and Jason

Categories

  • Alberta
  • CDBI
  • Construction Canada
  • CTAA
  • Manitoba
  • NL
  • Nova Scotia
  • Red Deer
  • Vancouver
January 2021
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Dec    
©2021 Heavy Construction | Design: Newspaperly WordPress Theme