Guest Post Written By: JM
The Government of Newfoundland and Labrador has a spending problem. The problem can be masked by the temporary windfall revenues. That is what occurred in 2008-2012. However, a responsible government plans it’s long term spending based upon a sustainable, realistic revenue stream.
The document entitled "Budget Highlights - Balancing Choices for a Promising Future" was a part of this masking attempt. It contained a forecast of both spending and
revenue for the next 5 years. It
predicts that in 5 years the province will return to balanced budgets. It exhibits sufficient colored graphs, and statistics
to even seem believable. But believable it is not.
