Finance Minister Scott Fielding announced on Tuesday March 30, 2021, that the provincial government has pulled $215 million out of the rainy day fund to pay for the Bridge Grant Program.
The Bridge Grant Program gives businesses that qualify up to $15,000 due to the impacts of public health restrictions.
The minister said that by using money from the rainy day fund the province would save about $45 million in interest costs over the nest 10 years.
With this withdrawal the fund now sits at $585 million.
Fielding note that the fund would be replenished over time as the impacts of the pandemic lessen.
© News4.ca 2021
