newfoundland & labrador budget

11:31AM
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Newfoundland and Labrador must restrain spending to right fiscal ship

The province's net debt is $31,749 per person, by far the highest level of any province in Canada.


9:34AM
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Newfoundland and Labrador’s ‘Future Fund’ turns one—here’s how it can be better

The province’s oil and gas sector produces a significant amount of revenue for the government.


11:14AM
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Newfoundland and Labrador government must restrain spending to avoid debt crisis

Residents of the province face the highest provincial government debt interest costs in the country.


10:00AM
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Newfoundland and Labrador’s ‘Future Fund’ needs robust fiscal rules

According to Alaska’s constitution, the state government must deposit 25 per cent of all mineral revenues into its fund each year.


10:32AM
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Furey government should stop resource revenue roller-coaster

The logic is simple—save resource revenue during good times to cover the shortfall during bad times.


8:35AM
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Newfoundland and Labrador kicks debt can down the road

According to the provincial budget, debt will rise from $16.5 billion last year to $17.1 billion this year.


3:50PM
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Spending reductions key to fiscal sustainability in Newfoundland and Labrador

Despite the most difficult fiscal position in Canada, the province increased program spending in nine of the last 10 years.