US EditionDrop in oil prices helps push N.L. deficit forecast up by 68 per cent to $626M
The province's deficit grew due to a nearly 70% increase in costs caused by fluctuating oil prices and a stronger Canadian dollar, Finance Minister Siobhan Coady said.
- Revenue estimates have fallen by $254 million since the 2025-26 budget was presented.
- Crude oil prices fluctuated between US$60.31 and US$80.37 per barrel this fiscal year, affecting budget forecasts.
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12 Articles
12 Articles
The volatility of oil markets is creating a gap in the budget of the NL Liberal government. The deficit has increased by 68%.
·Montreal, Canada
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Total News Sources12
Leaning Left6Leaning Right0Center3Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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