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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. ...
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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. ...
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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. ...
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Charitable giving on the wane in Newfoundland and Labrador
Appeared in the St. John's Telegram, January 4, 2021 This holiday season, many Newfoundlanders and Labradorians spent their time and money giving back to charitable causes. In fact, every year, tens of thousands of residents in the province donate to ...
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Furey government should reduce spending to spur economic recovery in province
Appeared in the St. John's Telegram, October 23, 2020 When provincial Finance Minister Siobhán Coady tabled Newfoundland and Labrador’s 2020/21 budget two weeks ago, she painted a picture of a province in fiscal peril. The Furey government projects a ...
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Newfoundland and Labrador faces fiscal crisis, other provinces should take note
Among the many challenges emerging from the COVID-19 crisis, a worrying story has emerged from Newfoundland and Labrador and other provincial governments across the country should take notice. On March 20, Newfoundland Premier Dwight Ball ...
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Catching Up with Canada: A Prosperity Agenda for Atlantic Canada
Taken as a whole, Atlantic Canada is a lagging economic region in Canada. But this has not always been the case. The region has experienced significant periods of prosperity and economic optimism. This history gives hope that the region’s current status ...