The New Brunswick Tory government is forecasting its fourth consecutive deficit, but it says better times are on the horizon.
Finance Minister Blaine Higgs delivered a budget that projects a deficit of $391-million for 2014-15 and the debt to rise to $12.2-billion.
But Higgs says he expects a surplus of $119-million for 2017-18.
Liberal Opposition Leader Brian Gallant says he’s skeptical of the figures.
Gallant says that’s because the government has consistently overestimated revenues and underestimated expenses.
The budget is also calling for a 3-per-cent hike in social assistance rates in April.
Also, $27-million is being set aside for the catastrophic drug program.
The budget is the government’s last before an election set for Sept. 22.