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Memorandum – Provincial Budget Comparison 2023-2026

March 12, 2026 ·

For those concerned about the estimated $1.3 billion deficit, a comparison of Ordinary Account Expenditures from 2023-2024 to 2025-2026 is below. The Holt government spent $2.36 billion, with increased spending in nearly all departments except two, and limited accountability. Health and Education expenditures are $6.3 billion, or nearly 50% of budget.

While the 2026-2027 budget isn’t available yet, another significant deficit is likely, as income declines due to tariffs and global instability. Living within our means may be a challenge, and it will require collective effort beyond just government action.

Provincial BudgetFiscal YearFiscal YearIncrease
Ordinary Account expenditures2023-20242025-2026 
Agricultural, Aquaculture and Fisheries$49,341,000$51,200,000$1,859,000
Education and Early Childhood Development$1,776,756,000$2,180,157,000$403,401,000
Environment and Local Government$188,930,000$299,790,000$110,860,000
Executive Council Office$11,671,000$12,591,000$920,000
Finance and Treasury Board$32,991,000$32,201,000-$790,000
General Government$1,046,550,000$1,456,864,000$410,034,000
Health$3,624,733,000$4,133,118,000$508,385,000
Justice and Public Safety$386,119,000$426,578,000$40,459,000
Legislative Assembly$33,062,000$38,364,000$5,302,000
Natural Resources and Energy$131,926,000$166,337,000$34,411,000
Office of the Premier$1,727,000$1,734,000$7,000
Opportunities New Brunswick$57,098,000$71,200,000$49,978,000
Other Agencies$321,864,000$423,699,000$101,835,000
Post Secondary Education, Training$679,275,000$767,717,000$88,442,000
Regional Development Corporation$359,317,000$339,372,000-$19,945,000
Service of Public Debt$627,000,000$673,000,000$46,000,000
Social Development$1,689,903,000$1,765,858,000$75,955,000
Tourism, Heritage and Culture$95,811,000$118,306,000$22,495,000
transportation and Infrastructure$1,341,092,000$1,596,486,000$255,394,000
Total expenditure in 2023-2024$12,555,167,000  
New Brunswick Housing Corporation $280,643,000 
Total expenditure in 2025-2026 $14,913,659,000 
Increase spending over 2 years 18.78% percentage increase  $2,358,492,000

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