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Tag: Newfoundland and Labrador Articles

17 Results

Newfoundland and Labrador budget 2023 – Back to deficit (temporarily)
March 24, 2023 Government projects a $160-million deficit in 2023-24 on the expectation the 2022-23 revenue windfall will partially reverse. Stronger economy to put budget back into surplus in 2024-25. 2022-23 initial deficit forecast revised to a large $784 million surplus. The province’s indebtedness position has drastically improved over the pandemic. But the debt load is still the […]
COVID-19, Oil Slump Drill Deep Fiscal Hole
October 1, 2020 Newfoundland and Labrador has been hit hard by COVID-19 and plummeting oil prices. RBC Economics projects it will experience the deepest contraction of all provinces.

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