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Siobhan Coady: Latest News

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10.09.2020 / 19:59

Newfoundland and Labrador’s Liberal government to table 2020 budget Sept. 30

Newfoundland and Labrador will see its first budget under newly installed Premier Andrew Furey at the end of the month, the province’s finance minister announced Thursday.The budget will be delivered midway through the 2020-21 fiscal year on Sept. 30 and comes after an update in July projected a $2.1-billion deficit – the second largest in provincial history and $1.35 billion more than last year’s shortfall.“Newfoundlanders and Labradorians have been resilient during a tumultuous year,” Finance Minister Siobhan Coady said in a news release, adding that her budget should not contain “major surprises.” RCMP not charging former N.L.

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Newfoundland and Labrador budget projects $1.84-billion deficit

Newfoundland and Labrador government is projecting an $1.84-billion deficit for the current fiscal year – a $309-million improvement from what it had forecast in July.Provincial net debt is expected to reach $16.4 billion, or about $31,000 per person in the province.

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