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.