MOODY’S DOUBTS OSBORNE ABLE TO ACHIEVE BUDGET BALANCE

Monday’s Blog Post forecasting a ‘status quo’ Budget didn’t exactly require going out on a limb. The Government had long ago made clear that they don’t like making decisions, especially ones that disappoint or that engender public protest; so they don’t.

Problem is, inaction and indecision carry consequences. Continued vacillation threatens the fiscal viability of the whole province. 

Moody's, a financial services and debt rating agency, has our position in its crosshairs. In a review released just yesterday, the Firm noted that NL's "path to balanced budgets is at risk". They said:

It’s not a novel announcement. But the right ones are saying it  (text of announcement is provided at the end of this Post.)