Paul Daly/The Canadian Press
With an election expected by the end of June, Newfoundland and Labrador’s government is promising a slow but steady balancing act to get the province’s finances back on track. The throne speech presented by Lt.-Gov. Judy Foote on Thursday touted the Liberal government’s reductions in deficits since being elected in 2015.Story continues below advertisement
Foote pointed to the recently reviewed Atlantic Accord, saying the $2.5 billion in federal money over 38 years will be spent wisely and help bring financial stability to the province. Her remarks also repeated plans for new medical facilities, including an acute regional care centre on the province’s west coast and two care homes in central Newfoundland.The speech touted the government’s long-term plans to expand the province’s mining and offshore resource industries and hinted at new legislation to protect domestic violence victims.
Source: Loan Digest (loandigest.net)
April fools?
$1.4 Trillion as of 2014 in debt that both Liberals and Conservatives are 100% responsible for. Reinstate the BankofCanada to issue more than 5% of our debt. 95% being issued by private banks with higher interest rates.
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