Guest Post Written By: JM
The 2015 budget documents contained a piece
entitled "Budget Highlights - Balancing Choices for a Promising Future". This is a glossy flyer which provides a
summary of the current fiscal position of the province and a look six years into
the future. It predicts that within five years
the province will return to balanced budgets.
It contains sufficient colored graphs, and statistics to seem
believable.
All Newfoundlanders and
Labradorians are encouraged to read this document.
In a recent Uncle Gnarley post, entitled “It’s the Spending
Stupid”, I gave some initial thoughts regarding the 2015 budget. Since then I have been practically consumed with trying to
better understand the province's fiscal position; both current and projected. The work has included a financial review of the past twenty years. I hope it will result in additional perspective as I dissect the
data.
