April 9, 2025, 5:20 am
Newfoundland and Labrador are preparing to unveil their final budget under outgoing Premier Andrew Furey amidst economic uncertainty influenced by US tariff threats. The anticipated budget is set against a backdrop of potential challenges for key sectors like fishing, signalling fiscal adjustments that the province may need to adopt during its political transition. This policy announcement is being closely watched as it reflects the province’s strategy for stabilizing its economy during a period of external pressures and leadership change.
Officials say they didn’t include the fund in the deficit, and the budget shortfall could widen if any of the $200-million is used
The $11-billion spending plan introduced today sets aside $200 million in a contingency fund to offset potential impacts from U.S. tariffs.
Newfoundland and Labrador has tabled a 2025-26 provincial budget that responds to uncertainty from the United States with record spending, while delaying its return to a balanced budget by another year.
ST. JOHN'S - The Newfoundland and Labrador government is expected to deliver its last budget under outgoing Liberal Premier Andrew Furey today.
Newfoundland and Labrador will present its final budget under outgoing Premier Andrew Furey amid U.S. tariff threats from President Trump, which could severely impact sectors like fishing.
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