The budget forecasts a deficit of $498M on total spending of $27.3B
Province also extends gas tax cut by three months, doubles the fertility tax credit and changes property taxes
The province will raise the rebate, on the education tax on residential and farm property, to 37.5% this year and 50% next year
The budget forecasts an overall deficit of $840 million this fiscal year
The province’s inability to meet its balanced-budget targets could harm its credit rating
Tax cuts cancelled