newfoundland & labrador economy

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.


2:30AM
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Newfoundland and Labrador government should review government wage bill

Paying a premium for labour puts a burden on taxpayers and the province’s books.


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.


6:00AM
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Despite surplus, Newfoundland and Labrador government must rein in spending

Total government revenue is expected to be $1.3 billion higher than projected in the province's budget.


1:54PM
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Newfoundland and Labrador government should reduce spending in face of dire fiscal outlook

The province’s debt as a share of the economy is projected to more than triple by 2046.


4:30AM
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Average family in Newfoundland and Labrador will pay more than 46% of income on taxes

The province's net government debt has increased by more than 18 per cent since 2019.