newfoundland

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.


9:18AM
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Newfoundland and Labrador should unleash province’s mining potential

The mining industry plays a central role in the province's economic growth and job creation.


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.


12:57PM
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Red tape damaging Newfoundland and Labrador in the eyes of investors

Ottawa has added new subjective criteria to the regulatory process. 


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.