The recently released Greene Report underscores the financial difficulties faced by Newfoundland and Labrador. A province with a debt load of $47-billion, an aging and declining population, and an over-reliance on the oil and gas industry. The province has a structural deficit as a result of spending during premier Danny Williams’ time in government and has had 61 deficits in the 71 years since joining Confederation. The question is whether or not the province is ready to face its problems head-on and accept the strong medicine prescribed by Dame Greene. Former Liberal Finance Minister Cathy Bennett joins us to address this question.
Province in Crisis: The Fiscal Challenges Facing Newfoundland and Labrador
Jun 3, 2021 | 12:00 AM
This podcast combines the experiences of an economist, David Campbell and a social scientist, Don Mills, to explore the challenges and opportunities facing Atlantic Canada, to promote data-driven decision making among policymakers and to encourage a wider dialogue and debate leading to greater prosperity for the region. Expect to hear interviews with the top influencers, business leaders and decision-makers across Atlantic Canada to inform, educate and expand the conversations on the key issues facing the region.
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