Another province opening the red ink sluice gates. Voters can sniff out a pandemic style spending spree thanks to the ongoing tariff spat. Any government that refused to deliver one, be they federal or provincial, would be trounced at the polls.
Newfoundland and Labrador has tabled a 2025-26 provincial budget that responds to uncertainty from the United States with record spending and record borrowing, while delaying its return to a balanced budget by another year.
The province anticipates a $372-million deficit this coming year to address affordability issues and tariff concerns — a figure that could rise further if the province utilizes an additional $200 million in contingency funds set aside to address Trump-related turmoil.
Obviously into the screech.
Didn’t the NFLD provincial gov’t publicly release a letter it had sent to the federal #Libranos in which they outlined how hooped they were for debt?
Found it..
https://www.cbc.ca/news/canada/newfoundland-labrador/report-greene-recovery-1.6016005
Imagine how things will be when their nearly eternal intergenerational welfare payments end and AB/Sask. separate from this tier 2 Canadian sinking ship!
nfld is an oddball.
didnt they sign on in large part because the deal was Canaduh would assume the british colony’s debt?
now theyre at it again somehow?? hey newfies live within your means.
Fort McMurray Nfld will be OK.
We’re done with Canada. Nothing to fight for. Uniparty
Dying for the butter.
Any province east of Saskatchewan is broke. Making today’s promises with our grandchildren’s inheritance
Maggie Thatcher made a comment how this ends.
It’s actually arriving now though.
Fascinating.
lve expressed pessimism and that hyperinflation is going to hit world wide but these idjits seem determined to accelerate it.
and what do l premise that prediction on? colossal insurmountable DEBT. go ahead. tell me lm wrong. l dare ya. especially our resident contrarian aka troll the unmebot.
NL is run by the Libranos and they have an election to buy later this year.