Newfoundland and Labrador is projecting a deficit of $154 million for the current fiscal year, with a slight improvement from the initial forecast. The province aims to balance its books by the next fiscal year, despite having to borrow more than anticipated.
ST. JOHN'S, N.L. — Newfoundland and Labrador is projecting a deficit of $154 million for the current fiscal year .
Finance Minister Siobhan Coady said in a budget update today the province is aiming to balance its books by the next fiscal year, which begins in April 2024. However, she says the government will have to borrow up to $700 million more than anticipated in March, bringing its total net debt to $17.1 billion.Trump Biographer Predicts How Ivanka Trump’s Delayed Testimony May Backfire
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Newfoundland And Labrador Deficit Fiscal Year Budget Finance Borrowing
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