According to Alaska’s constitution, the state government must deposit 25 per cent of all mineral revenues into its fund each year.
newfoundland & labrador budget
February 16, 2023 1:15AM
November 3, 2022 10:00AM
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.
June 24, 2021 1:00AM
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.