Government of Newfoundland and Labrador
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DBRS Morningstar says Newfoundland and Labrador’s budget deficit of $688 million could be reduced by higher global energy prices, noting every additional dollar in oil price is worth about C$33 million in provincial revenue. The agency also notes the budget includes no upside from a potential Churchill Falls power agreement with Quebec and that the…
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Support the newsroomNDP MHA Sheilagh O’Leary criticizes the provincial budget for not investing enough to make Newfoundland and Labrador the tourism capital of Canada, noting flat funding and inadequate support for arts, film, and cultural infrastructure. She highlights unchanged Parks NL funding, the canceled feasibility study for the West Coast National Marine…
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Newfoundland and Labrador’s budget project a 2026-27 deficit of $688.5 million, with no plan to balance the books and an outlook of several consecutive years of deficits exceeding $1 billion. The document, titled “Opportunity for All of Us,” increases health-care spending, outlines a $750-million health authority line of credit repayment, and shifts…
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The article reports mixed reactions to Newfoundland and Labrador’s 2026-2027 budget, with some saying it goes far enough while others say it falls short. Key figures criticize the budget for not being bold enough on affordability and debt, while there is cautious approval for measures like nurse funding and a tuition freeze, but concerns remain about…
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ParksNL reports record demand ahead of the 2026 provincial park season, following a year with the highest visitation and revenue in its history. In 2025, Newfoundland and Labrador’s 32 provincial parks welcomed over 240,000 visitors and generated more than $1.6 million in revenue, with about 70,000 overnight stays; the 2026 reservation system opened with…
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Budget 2026: Opportunity for All of Us was tabled by Finance Minister Craig Pardy, focusing on lower taxes, health care funding, and safer communities. The plan includes more than $200 million in targeted tax relief, health-care investments totaling about $5.4 billion, and $250 million for infrastructure to improve roads, bridges, and safety, with a…
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