New Brunswick’s Liberal government has released a $9.6 billion budget with the province’s 11th straight deficit and a hefty increase in the net debt.

“There is an old adage that says you have to spend money to make money,” Finance Minister Cathy Rogers said Tuesday.

The 2018-19 budget projects a deficit of $189 million, and adds $372.3 million to a net debt that’s now set to hit $14.4 billion by the end of March 2019.

That’s about $19,050 for every man, woman and child in the province.