On April 7, 2022, Finance Minister Siobhán Coady tabled Newfoundland and Labrador’s 2022-23 budget (NL Budget 2022).
The budget’s estimates show that the province projects a deficit of $400 million for the 2021-22 fiscal year, compared to a $826 million deficit projected for the same fiscal year in the previous budget.
The government anticipates balancing the budget by 2026-27.
Projections for the next five fiscal years are as follows:
|Year||Projected surplus/ (deficit)|
Read the full Newfoundland and Labrador budget summary
Visit our Budget 2022 hub to learn more about all federal and provincial budgets.