newfoundland & labrador budget

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.


9:43AM
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New fiscal rules could help stabilize Newfoundland and Labrador’s finances

When the province's resource revenues declined by roughly 22 per cent, the government did not commensurately reduce program spending.


10:05AM
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Furey budget kicks ‘spending’ can down the road

The reduced deficit relies largely on oil and gas royalties and transfers from Ottawa.


2:30AM
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Furey government must reduce compensation for government-sector workers

Government salaries and benefits comprise approximately 42 per cent of the province's spending.


10:06AM
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Debt interest burden highlights Newfoundland and Labrador fiscal crisis

At $2,055 per person, the province's government debt burden is the highest in Canada.