Tag: Newfoundland Deficit

NL Revenue, Expense and Debt

Post author By Tom Davis
Post date January 25, 2021
Categories In Financial Health
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These charts need to be considered as you decide who to vote for in the upcoming nominations and inevitable general election. Please consider the following facts from the attached charts: 1/ We are borrowing $3 billion this year and much of it is to pay salaries and day-to-day expenses. 2/ We have the highest per […]

Where we are Financially

Post author By Tom Davis
Post date January 25, 2021
Categories In Financial Health
No Comments on Where we are Financially
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We had heard rumblings that Dame Moya Greene had said that we had a 40% problem. We thought that seemed high so figured we would have a look. we have been saying for a long time that we have a 25% problem which as you can see we do. $1.8 Billion(deficit)/$7.12 Billion (revenue) = 25% […]