Residents of the province face the highest provincial government debt interest costs in the country.
newfoundland & labrador budget
September 15, 2023
11:14AM
March 24, 2023
4:25PM
Since 2021/22, the province has spent 89 per cent of all new revenue.
March 21, 2023
8:00AM
The province's debt is on track to grow faster than its economy.
November 3, 2022
10:00AM
According to Alaska’s constitution, the state government must deposit 25 per cent of all mineral revenues into its fund each year.
May 2, 2022
10:32AM
The logic is simple—save resource revenue during good times to cover the shortfall during bad times.
April 8, 2022
8:35AM
According to the provincial budget, debt will rise from $16.5 billion last year to $17.1 billion this year.
March 30, 2022
3:50PM
Despite the most difficult fiscal position in Canada, the province increased program spending in nine of the last 10 years.
September 8, 2021
9:43AM
When the province's resource revenues declined by roughly 22 per cent, the government did not commensurately reduce program spending.
July 6, 2021
8:49AM
Newfoundland and Labrador's budget deficit stands at $825 million.