Bill No. 36
Balanced Budget Act
An Act to Require Balanced Budgets and Limit Government Spending
|First Reading||October 14, 2014|
|Second Reading Debates|
|Second Reading Passed|
|Law Amendments Committee|
|Committee of the Whole House|
|Third Reading Debates|
Clause 1 provides a short title to the Act.
Clause 2 limits the year-over-year percentage increase in government spending to an amount equal to the estimated percentage increase in the population of Nova Scotia and the rate of inflation as measured by the change in the Consumer Price Index.
Clause 3 prohibits the Minister of Finance from tabling a budget that is not balanced.