When the province's resource revenues declined by roughly 22 per cent, the government did not commensurately reduce program spending.
newfoundland & labrador budget
July 6, 2021
8:49AM
Newfoundland and Labrador's budget deficit stands at $825 million.
June 2, 2021
10:05AM
The reduced deficit relies largely on oil and gas royalties and transfers from Ottawa.
May 28, 2021
2:30AM
Government salaries and benefits comprise approximately 42 per cent of the province's spending.
May 27, 2021
10:06AM
At $2,055 per person, the province's government debt burden is the highest in Canada.
October 23, 2020
8:00AM
The province's spending is projected to increase by $542 million.
April 25, 2016
12:52PM
Personal income tax rates are being hiked across the board, between one and three percentage points depending on income.
April 22, 2016
12:00PM
This year’s deficit is projected at $1.8 billion, equivalent to 6.2 per cent of the provincial economy.