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Newfoundland and Labrador deficit soars to $948 million, debt to hit $19.9 billion
- Newfoundland and Labrador's deficit is expected to reach $948 million, a 51 percent increase from the shortfall projected by the previous Liberal government.
- Finance Minister Craig Pardy described the figures as 'deeply troubling,' attributing the increase to rising health-care costs and falling oil prices.
- The province's net debt is anticipated to hit $19.9 billion by the end of March.
- The Progressive Conservative government plans to focus on lowering taxes, improving health care, and enhancing community safety.
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10 Articles
10 Articles
Newfoundland and Labrador's deficit is close to $1 billion, almost three times as high as last spring's budget projections.
·Montreal, Canada
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Winnipeg Free Press+5 Reposted by 5 other sources
Newfoundland and Labrador deficit balloons by 51 per cent to $948 million
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Newfoundland and Labrador's deficit is expected to reach $948 million, an increase of 51% from the previous Liberal government's forecast.
Coverage Details
Total News Sources10
Leaning Left4Leaning Right0Center3Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 43%
Factuality
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