Newfoundland and Labrador says it will end the 2022-23 financial year with a $784-million surplus and a record $10.5-billion in revenue
The Newfoundland and Labrador government painted a rosy picture of its financial future in a $9.8-billion provincial budget tabled Thursday.
The province’s net debt currently sits at $15.7 billion, and it is expected to rise to $16.2 billion, which works out to approximately $30,500 per person in the province of about 531,000 people. Doctor shortages have led to persistent closures of rural emergency rooms and about a quarter of residents are without a family physician, according to the Newfoundland and Labrador Medical Association.
Newfoundland and Labrador’s offshore oil sector was hit hard by crashing global oil prices that accompanied the onset of the COVID-19 pandemic, but Thursday’s budget anticipates an end to those troubles. Suncor’s Terra Nova field is expected to resume pumping in spring or early summer after years of delay, which means all four oilfields off the coast of St. John’s will be operating in the 2023-24 fiscal year. The province expects $1.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Newfoundland and Labrador seeks to halt privacy commissioner’s 2021 cyberattack probeThe privacy commissioner had high-ranking roles within the Heath Department and the Newfoundland and Labrador Centre for Health Information during time periods he is now investigating
Read more »
Record $1.4-billion allocated for Newfoundland and Labrador roads | SaltWireProvince anticipates busy year for roadwork
Read more »
All fuels fall in scheduled Newfoundland and Labrador price change, March 23 | SaltWireST. JOHN'S, N.L. — The price of gas, diesel and home heating fuel dropped overnight across Newfoundland and Labrador Thursday, March 23. The Public ...
Read more »
Record health care spending in 2023 Newfoundland and Labrador budget | SaltWireThe Liberal government will spend $3.9B on health care — about $300M more than ever before — in 2023. Here's a quick breakdown of major line items that tell you where your tax dollars are flowing 🔽
Read more »
Cain’s Quest snowmobile race to return to Labrador in 2024 | SaltWireLABRADOR CITY, N.L. — Cain's Quest, the toughest snowmobile endurance race in the world, is set to make an early return after its cancellation earlier this ...
Read more »
'An antiquated and romantic notion’: Newfoundland and Labrador going all in on team-based clinics to replace family doctor model | SaltWireST. JOHN'S, N.L. — Premier Andrew Furey says the Doc Martin model of health care — a country doctor running a solo clinic with total autonomy — will slowly ...
Read more »