Federal Budget cause for concern for Nova Scotian business

Nova Scotia’s economy may be hit harder than expected by the federal government’s operating budget.

By Nathaniel Basen

N.S Finance Minister wants to know how cuts will affect personnel (Nathaniel Basen photo)
N.S Finance Minister wants to know how cuts will affect people (Nathaniel Basen photo)

Nova Scotia’s economy may be hit harder than expected by the federal government’s operating budget, released Thursday.

In addition to cuts to the civil service, small and medium-sized Nova Scotian businesses will also be affected.

The Atlantic Canada Opportunities Agency (ACOA) will have its budget cut by $17.9 million. This is part of a nationwide cut of 8.7 per cent to regional development agencies.

ACOA works with businesses in Atlantic Canada, helping them become more productive and competitive.

Lucas-Steele
Graham Steele responds to the numbers regarding cuts to ACOA and the DFO

N.S Finance Minister Graham Steele is waiting  to see how this will affect the economy.

“Whether it’s a reduction in the budget or a change in the business model what we all are curious about is how this will play out in practice in terms of personnel,” he says. “Obviously every person who draws a federal paycheque in Nova Scotia contributes to the economy.”

The eco-efficiency rebate was also cancelled. This takes away incentives for businesses to become eco-friendly. Andrew Younger, Liberal MLA for Dartmouth-East, tweeted that this would be “bad news for many small businesses in Nova Scotia.”

Younger is the official energy critic. He would later tweet, “Surprising how many attacks on Atlantic small & medium businesses are found in the Conservative budget.”