Revenue wells run dry in Newfoundland and Labrador

The latest provincial budget continues a risky strategy: spending far beyond the government's means, as the debt continues to pile up

Revenue wells run dry in Newfoundland and LabradorST. JOHN’S, N.L., April 11, 2017 /Troy Media/ – The budget strategy laid out by Newfoundland and Labrador in 2016 was simple: the government would hold down program spending, allow for some increases in total spending from higher debt servicing costs, and let rising oil prices and other income balance the books by 2023. Budget 2017…

Creditors will be chief audience for Newfoundland budget

The financial problem facing the government is so large that it will need to borrow enormous amounts over the next five years, no matter what

Creditors will be chief audience for Newfoundland budgetSt. John's, N.L. Mar. 13, 2017 /Troy Media/ – Newfoundland and Labrador's 2017 budget needs to correct a public finance crisis, which has been ushered in by years of high spending and big drops in oil-based revenues. It's a critical time for the province, so the must government make wise decisions in the next few months.…