I mention in my July 29, 2024 post<\/a> Nova Scotia’s surprise surplus of $144M for 2023-2024 compared with its forecast deficit of $279M. Good news, right?<\/p>\n \nA little unnervingly, one response was that perhaps the government should cut taxes (specifically the HST).<\/p>\n \nBy simple accounting, a government running a deficit needs to raise taxes or cut spending. A government that expects to run a deficit, but ends up in a surplus, should be congratulated.<\/p>\n \nNova Scotia’s $144M surplus, compared to its government expenditure ($16.4B) of the same period, is less than 1 per cent. That hardly seems enough to warrant a correction, especially given the potential for mistaken forecasting.<\/p>\n Source:<\/p>\n msn.com<\/a><\/p>\nJack of Oracle Tutoring by Jack and Diane,<\/a> Campbell River, BC.\n\n","protected":false},"excerpt":{"rendered":" Self-tutoring about politics: the tutor continues about Nova Scotia’s positive budget result for 2023-2024. I mention in my July 29, 2024 post Nova Scotia’s surprise surplus of $144M for 2023-2024 compared with its forecast deficit of $279M. Good news, right? …<\/p>\n