When the province's resource revenues declined by roughly 22 per cent, the government did not commensurately reduce program spending.
newfoundland & labrador finances
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.
June 9, 2020
8:59AM
Government workers in Atlantic Canada received 11.9 per cent more (on average) in wages than their private-sector counterparts.
February 21, 2020
3:08PM
Provincial interest payments are projected to equal $2,675 for every man, woman and child.