The provincial government has dropped a legal challenge of the equalization formula. The news drew applause today from the Canadian Taxpayers Federation, but the opposition was not impressed.
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The City of St. John’s released its annual budget on Monday. Councillors had an in depth discussion about the budget before voting, with one councillor voting against it. NTV’s Bailey Howard tells us more.
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Finance Minister Craig Pardy discusses the fall fiscal update, which saw the deficit increase to almost $1 billion.
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Finance minister Craig Pardy released the new government’s first fall Fiscal and Economic Update since the October election. In the first part of his update, Pardy confirmed that the province’s fiscal situation is more challenging than what was previously forecast in Budget 2025. The provincial deficit is now projected at $948 million, compared to the […]
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In his first fall fiscal update, Finance Minister Craig Pardy is projecting the provincial deficit to rise to almost $1 billion. The provincial deficit is now projected at $948 million, compared to the $372 million forecast in Budget 2025. But Pardy also says across multiple economic indicators, Newfoundland and Labrador’s economy is performing better than […]
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