Analysis of Newfoundland and Labrador Budget 2022
Things can change a lot in one year. Newfoundland and Labrador’s fiscal situation has improved significantly since May 2021. The doomsayers, who a year ago beat the drum of bankruptcy, were not very good predictors of the future. The deficit was less than half of what was predicted in the 2021-2022 budget ($826 million to $400 million). NL debt to …
PERT report: Because you live here, you deserve less
The authors of the PERT report are lying to the public. NL’s structural deficit is an issue, but it’s an issue that can be addressed over the course of the next 10 years through modest annual revenue growth. The PERT has used unconventional accounting practices and non-standard measures to create public panic and justify radical measures that will leave Newfoundlanders and Labradorians with virtually no public infrastructure or services. Dame Greene’s approach has been debunked by 20 years of research. The …