National media responds to NL budget

in Daily Indygestion/Journalism by

The nation’s interest was piqued with Newfoundland & Labrador’s 2011 budget — mainly because of the fact that the province seems to have turned a rather large and unexpected surplus into a budget that adds to provincial net debt. Adding to the curiosity is that our finance minister is predicting $500-million and $300-million deficits in 2013 and 2014. Mr. Marshall said the province is in an enviable fiscal position and it’s time to give something back to the people who foot the bills. But with almost $9-billion in debt, is the province giving something to the people that isn’t really theirs to give?