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Nova Scotia surplus grows in budget forecast

Finance Minister Randy Delorey shares the N.S. budget forecast for the 2016-17 fiscal year. Jennifer Grudic/Global News

HALIFAX – Nova Scotia is projecting a slim surplus of $18.9 million for the 2016-17 fiscal year.

The surplus figure is $1.8 million dollars more than the $17.1 million figure estimated in the April budget.

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Finance Minister Randy Delorey says revenue and expenses are both up mainly due to the province taking part in the federal infrastructure program.

The province has spent $102.3 million on clean water projects, post-secondary education and research.

Delorey says the slightly higher surplus figure is the net result of other increased revenues and reduced expenses.

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