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Newfoundland and Labrador budget projects $826M deficit for 2021-22 - Business News
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N L budget projects smaller deficit but growing debt, aims for surplus in six years - Medicine Hat NewsMedicine Hat News
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The process to create the People s Recovery report started five months ago, when a group of more than 60 people including labour leaders, academics and activists felt they weren t represented by the premier s economic recovery team. Among the report s contributors is union leader Mary Shortall, who left the premier s team in January after raising concerns over what she said was a lack of collaboration and transparency.
Tax increases and ideas
The People s Recovery report does offer ideas toward bolstering the province s revenue, among them a series of tax increases.
Its recommendations include an HST increase of one per cent, an income tax increase by two per cent in the top two brackets, and a wealth tax with a lower threshold than outlined the Greene report.
Auditor general reports worsening finances for N.L., recommends reining in spending
Newfoundland and Labrador s financial problems continue to worsen, according an annual report delivered to the House of Assembly by auditor general Denise Hanrahan.
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A report presented by auditor general Denise Hanrahan to the House of Assembly on Friday says there are considerable risks associated with the province s fiscal outlook.(CBC)
Newfoundland and Labrador s financial problems continue to worsen, according an annual report delivered to the House of Assembly by auditor general Denise Hanrahan on Friday.
Hanrahan s report covers the financial statements of the province from March 2019 to March 2020.
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