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1. 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. ...

2. Furey government must reduce spending to right fiscal ship

   Newfoundland and Labrador's budget deficit stands at $825 million. ...

3. Fiscal Lessons for Atlantic Canada from Saskatchewan

   COVID-19 and the related economic recession have thrown governments across Canada into varying degrees of fiscal peril. In Newfoundland & Labrador, the challenges of rapidly increasing debt and large deficits have created perhaps the largest fiscal ...

4. Furey budget kicks ‘spending’ can down the road

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

5. Furey government must reduce compensation for government-sector workers

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

6. 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. ...

7. Atlantic Canada's Precarious Public Finances

   Canada’s four Atlantic provinces—Prince Edward Island, Nova Scotia, New Brunswick, and Newfoundland & Labrador—face long-term threats to fiscal sustainability. COVID-19 and the resulting economic downturn has only added to these challenges. Further, ...

8. 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 ...

9. Provinces in Atlantic Canada must align government compensation with private sector

   The economic fallout from COVID-19 will pose significant challenges to government finances in each of the four Atlantic Provinces. As such, governments must carefully review all spending, including compensation for government workers. ...

10. Interest on government debt—a costly problem for the Rock

    Several provincial governments across Canada are currently running deficits and accumulating debt to finance their spending priorities. But one province stands out more than others. Newfoundland and Labrador has the highest provincial ...