N.L. government promises steps to control deficit in election-year throne speech
ST. JOHN’S, N.L. — With an election expected by the end of June, Newfoundland and Labrador’s government is promising a slow but steady balancing act to get the province’s finances back on track.
The throne speech presented by Lt.-Gov. Judy Foote on Thursday touted the Liberal government’s deficit reduction since being elected in 2015, bringing the annual deficit down to $547-million last fall from a starting point of over $2.5 billion.
It also highlighted the province’s strong working relationship with the federal Liberals.
“Our government has a strong partnership with the federal government, and working together, we will position this province to achieve its full potential,” Foote read.