According to the provincial budget, debt will rise from $16.5 billion last year to $17.1 billion this year.
newfoundland & labrador finances
Mars 30, 2022
3:50PM
Despite the most difficult fiscal position in Canada, the province increased program spending in nine of the last 10 years.
Décembre 7, 2021
12:57PM
Ottawa has added new subjective criteria to the regulatory process.
Novembre 30, 2021
1:00AM
Septembre 8, 2021
9:43AM
When the province's resource revenues declined by roughly 22 per cent, the government did not commensurately reduce program spending.
Juillet 6, 2021
8:49AM
Newfoundland and Labrador's budget deficit stands at $825 million.
Juin 2, 2021
10:05AM
The reduced deficit relies largely on oil and gas royalties and transfers from Ottawa.
Mai 28, 2021
2:30AM
Government salaries and benefits comprise approximately 42 per cent of the province's spending.
Mai 27, 2021
10:06AM
At $2,055 per person, the province's government debt burden is the highest in Canada.