FREDERICTON, N.B. – The Canadian Federation of Independent Business is urging the provincial government to get moving on its commitment to reducing red tape.

A mid-term report card released by the CFIB gives New Brunswick a thumbs up for committing to measures and reducing red tape by a set amount.

But its inaction on the file has resulted in a grade of C-minus.

Of the Atlantic provinces,  only Newfoundland scored higher, with a B-minus.

CFIB Vice-President Leanne Hachey says while they’re pleased that the Alward government has committed to reducing red tape by 20 per cent, they need to follow through.

“We’re very encouraged that the province has recognized that this is an issue and has committed to doing something about it.  But we’re getting close to when they’ll be able to do something meaningful, so we hope we see something very soon.”

Hachey says needless paperwork and excess regulation is a real time and money waster for small and medium sized businesses, accounting for about $30-billion a year in lost revenue.