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N.L. has the country’s highest per-capita debt. It’s all but hidden in the election
- Newfoundland and Labrador has the highest per-capita provincial debt in Canada, nearing $20 billion for a population of about 545,000.
- The NDP has pledged to eliminate deficits and achieve a surplus by the end of the 2026-27 fiscal year, proposing cuts to various services and tax reductions.
- According to the Canadian Taxpayers Federation, new election promises may lead to tax increases or cuts in essential services due to the province's fiscal reality.
- Economist Wade Locke expressed skepticism about political parties prioritizing debt repayment and warned that borrowing is likely to continue, increasing the financial burden on the province.
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17 Articles
17 Articles
Newfoundland has the country’s highest per-capita debt. It’s all but hidden in the election.
Business and taxpayer organizations are calling on party leaders in Newfoundland and Labrador to stop making costly election promises, as the province carries the country’s highest per-capita provincial debt.
·Canada
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Winnipeg Free Press+13 Reposted by 13 other sources
N.L. has the country's highest per-capita debt. It's all but hidden in the election.
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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620 CKRM The Source | Country Music, News, Sports in Sask…Reposted by 
CFJC Today Kamloops
CFJC Today KamloopsN.L. has the country’s highest per-capita debt. It’s all but hidden in the election.
ST. JOHN'S — Business and taxpayer organizations are calling on party leaders in Newfoundland and Labrador to stop making costly election promises, as the province carries the country's highest per-capita provincial debt. Whoever forms government after the Oct. 14 election will inherit a net debt approaching $20 billion in a province about 545,000 people. That debt will cost more than a billion dollars to service in the current fiscal year. That…
Coverage Details
Total News Sources17
Leaning Left8Leaning Right0Center3Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 27%
Factuality
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