Finance Minister to Provide Fall Fiscal Update

  • 📰 VOCMNEWS
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

An update on the province's fiscal situation will be provided today. The Opposition and others have been quest...

The Opposition and others have been questioning the status of the province’s coffers in light of recent announcements including the introduction of Future Fund legislation and the cutting of $500 cheques for all Newfoundlanders and Labradorians whose income totaled $100,000 or less in 2021.

In April, the projected deficit for this year was $351 million, with government expecting to borrow $2.7 billion. Earlier this month, Premier Andrew Furey indicated that the province’s fiscal situation had “temporarily improved” allowing the province to provide a one-time cost-of-living benefit to some 392,000 Newfoundlanders and Labradorians.

Finance Minister Siobhan Coady says the province budgeted for oil at $86 per barrel, but since the war in Ukraine, oil prices have been much higher than that. Coady says every $1 increase in a barrel of oil results in $13 million to the treasury.Meanwhile, Premier Andrew Furey will provide an update on how the province is doing during the St. John’s Board of Trade’s very first State of the Province Address.

The event takes place over the lunch hour today at the Emera Innovation Exchange. VOCM News will be there.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 74. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

And middle class getting hit the hardest!

Don't have much faith in anything she says

What colour and brand name shoes will she be buying for this speech? This is very important for us all to know.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Former federal finance minister Bill Morneau to join CIBC board of directorsFormer federal finance minister Bill Morneau will join CIBC\u0027s board of directors next month. Get your money out of CIBC!.,, lol! Pfff of course.
Source: ottawasuncom - 🏆 4. / 92 Read more »

Former federal finance minister Bill Morneau to join CIBC board of directorsFormer federal finance minister Bill Morneau will join CIBC\u0027s board of directors next month. I'd rather see the $ go towards shareholders in the form of dividends. easy money right bill lol
Source: TheTorontoSun - 🏆 23. / 68 Read more »

New U.K. finance minister Hunt scraps tax cuts, reins in energy supportLONDON — New finance minister Jeremy Hunt scrapped Prime Minister Liz Truss’s economic plan and scaled back her vast energy subsidy on Monday, launching one of…
Source: calgaryherald - 🏆 64. / 52 Read more »