Unlike years previous, today’s budget will have more goodies than usual as the province prepares for an election year in 2017.
The much maligned Medical Services Premium is going to be tweaked but it won’t be the whole sale change or outright scrapping many people would prefer.
Finance minister Mike de Jong is not a fan of collecting MSP through income tax saying it “creates the illusion health care is free, and it’s not.”
However his boss doesn’t agree with him as the Premier said last week the tax is antiquated and the way it is collected doesn’t make a whole lot of sense.
Real estate is a hot topic and de Jong says the budget will help people get into the market and also provide incentives to increase stock to bring prices down.
Three years after it was promised to wipe out all our debt the Prosperity Fund will be officially created today.
But it won’t have a single cent of LNG revenue in it, instead 100-million of the expected surplus will be used as an initial investment to scratch off the promise kept box.