The Atlantica Party will introduce a balanced budget law in Nova Scotia. This will ensure all budgets are balanced or surplus budgets. The new law will also ban any borrowing by the provincial government unless it is to service the existing debt load.
“Government has no business borrowing money”, said Jonathan Dean, Leader of the Atlantica Party. "Unlike most entities the government with assent of the Legislature has the power to increase revenue by raising taxes. If government wants to overspend then it must raise the funds through new direct taxation of Nova Scotians.”