N.S. budget: Reserve fund, major tax cuts coming amid U.S. tariff threats
The Nova Scotia government has introduced a $17.6-billion budget that includes major tax cuts and a reserve fund to be used if the U.S. president makes good on his threat to impose tariffs.
Finance Minister John Lohr brought forward a budget Tuesday forecasting a deficit of $697.5 million for the 2025-26 fiscal year — a figure that could rise if the $200-million reserve fund needs to be used.“The threat of U.S. tariffs continues to loom over us. We don’t know what will come, but we are ready to respond,” said Lohr in his budget speech. “It is clear we are entering a period of heightened uncertainty and heightened risk.”Lohr said the province faces hard work in the years to come due to pressing issues such as slowing population growth and American protectionism, which could trigger a drop i...









