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CUPE Budget Response

Sherry Hillier

Experts agree, Newfoundland and Labrador’s debt can be managed without cuts and privatization

The Premier’s Economic Recovery Team used accounting measures that do not make sense for public financing, measures that international institutions and rating agencies disagree with.

The net debt is actually around $17 billion, 30% of what Dame Greene says it is. That can be managed responsibly over a few years. Just ask the experts. Look at Statistics Canada’s analysis (sources below) of Newfoundland and Labrador’s debt, look at Finances of the Nation’s analysis of the debt,” says Hillier.

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Webinar Series May 12 to June 9

Webinar promotion banner. Text: Who’s taking the cake, while we fight over the crumbs? Image: illustration of a community and three logos

 

The pandemic has revealed just who pays the costs and who benefits from the way our governments, society and economy work. Something that is not always easy to see—and that’s by design. This webinar series will bust the myths that blind us to the truth and provide you with the tools to realize an alternative vision, one where we are truly all in this together.

CUPE Nova Scotia and CUPE Newfoundland and Labrador are teaming up with the Canadian Centre for Policy Alternatives – NS for this three-part series of interactive discussions. We hope you can join us and take part in the discussions.

Register now and enter to win one of four gift certificates! Support small, local businesses!

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