newfoundland & labrador finances

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.


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.