One prominent economist calls it “the elephant in the room” of the New Brunswick election: The coming fiscal reckoning. “It’s the elephant in the room and no one wants to look at it,” says economist Richard Saillant, author of “Over the Cliff? The shrinking tax base, coupled with weak economic performance, doesn’t bode well for revenue growth in the province, Saillant says. But one public policy expert argues that despite New Brunswick’s under performance, it’s far from a fiscal catastrophe. But Emery says while waiting for old growth rates to return, the province continues to borrow to fill the gap.

Source: National Post September 16, 2018 13:52 UTC