Province writes off $12M in bad debt
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Province writes off $12M in bad debt

Nova Scotia finance minister Diana Whalen delivers her pre-budget speech to the Halifax Chamber of Commerce on March 25, 2015.

HALIFAX – Nova Scotia is writing off $12.2 million in unpaid or uncollectable debts at the end of the 2014-15 fiscal year on Tuesday, although the government says it will continue in its debt collection efforts.

The province writes off debts each year when it determines they are unlikely to be paid because of personal or commercial bankruptcy, death of the debtor or property foreclosure.

It says this year’s bad debts mostly relate to uncollectable loans in the departments of Labour and Advanced Education, Economic and Rural Development and Tourism, and Agriculture, as well as unpaid fines and fees at Health and Wellness, Justice, Natural Resources and Service Nova Scotia.

Over the last 10 years, the average annual amount written off by the province is $13.2 million.

The province says the writeoffs don’t affect departmental budgets or the deficit, and originate from previous fiscal years.

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rickran

Hopefully the province posts names and amounts online so the voters can see who we funded.

March 30, 2015 at 7:07 pm
    DC

    Considering that it is the tax payers money that they are writing off, your are correct we should know everyone or every company that is on this list. Really that should be a given.

    March 31, 2015 at 8:17 am