The debate over our finances

The St. John’s Board of Trade held a debate last night on fiscal policy and the economic future of Newfoundland and Labrador. In attendance were Tom Marshall for the PCs, Danny Dumaresque for the PCs, and Lorraine Michael for the NDP. Dumaresque spent his time attacking the PCs on the Muskrat Falls deal: “There’s no way that we can go and build this kind of monster and have the responsibility of repaying it for the foreseeable revenues that we have. It’s just impossible.” Michael attacked the PCs on transparency: “$348 million passed over to Nalcor and we don’t get an accounting of how that $348 million [is spent], we have to take their word.” Marshall defended Nalcor and its Muskrat Falls project: “Hydro, once it gets going, will provide us with revenue as along as the river flows to the sea.” An interesting response from Dumaresque to a question regarding a call from the City of St. John’s to re-arrange their fiscal agreements: “I would have to say to the mayor of this great city that there are a hell of a lot more priorities outside the overpass that need to be addressed before we start forking more money over to the City of St. John’s.” All in all the speakers kept to the script… but would that be the case for the health care debate?

Source: CBC

Our goal is to raise $15,000 before the end of the year to solidify our plans for 2023. We need your support to keep producing this progressive, explanatory, and unique local journalism.


Want more of The Independent?

You can make it happen.

More in-depth explainers. More community news.

Will you help us raise $15,000 for our investigative journalism, witty commentary, and cutting analysis of Newfoundland and Labrador issues?

This site uses cookies to provide you with a great user experience. By continuing to use this website, you consent to the use of cookies in accordance with our privacy policy.

Scroll to Top