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2016 Newfoundland and Labrador budget summary

On April 14, 2016, Newfoundland and Labrador Finance Minister Cathy Bennett tabled the province’s 2016-17 budget. The budget forecasts a deficit of $2.2 billion for 2015-16—up dramatically from the $1.1 billion deficit that was projected in last year’s budget. The government expects the deficit for 2016-17 to be $1.83 billion. It is also projecting multi-billion-dollar deficits for the rest of the decade. The government does not expect to get into a surplus position until 2022/23.

Find out more about the 2016 Newfoundland and Labrador budget. [ 115 kb ]