newfoundland & labrador finances

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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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Interest on government debt—a costly problem for the Rock
Provincial interest payments are projected to equal $2,675 for every man, woman and child.

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From 2003/04 to 2012/13, enrolments in public schools in Canada declined by 4.9 per cent compared to 17.2 per cent in Newfoundland and Labrador.