THE PARLIAMENTARY BUDGET OFFICER HAS NEWS FOR YOU

There is more than one useful approach to understanding the unsustainability of the province’s debt. In addition to the discussion on the Muskrat Falls project, JM wrote a series of articles entitled “A Decade of Squandered Opportunity”. David Vardy has combined discussions of the debt and deficit with the alarming growth in cost overruns.

The Blog's newest analyst, identified as PlanetNL, undertook the process of dissecting Nalcor’s revenue requirements to sustain the financing, operation and management of the Muskrat Falls project showing that the cost of rate mitigation would seriously compete with funding for social programs and add to annual deficits.  This correspondent has tackled successive Budgets and Budget Updates, too. 

None of the writers have been subtle. All have felt a need to expose the simple reality that successive Administrations, including the current one, have downplayed, ignored or distorted the problem – in the process speeding up, rather than curtailing, our journey towards insolvency.