The province’s oil and gas sector produces a significant amount of revenue for the government.
newfoundland & labrador finances
Residents of the province face the highest provincial government debt interest costs in the country.
The average family in the province earning $117,564 will pay an estimated $56,588 in total taxes.
Mines in the province employ more than 8,000 people.
Since 2021/22, the province has spent 89 per cent of all new revenue.
The province's debt is on track to grow faster than its economy.
Paying a premium for labour puts a burden on taxpayers and the province’s books.
A portion of earnings from Alaska's fund are paid to Alaskan citizens as dividends.
According to Alaska’s constitution, the state government must deposit 25 per cent of all mineral revenues into its fund each year.