On a per-person basis, government spending will increase to $19,238, the highest of any province in Canada.
newfoundland & labrador budget
March 21, 2024
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March 16, 2024
4:00AM
In 2023/24, the province will spend roughly $1.1 billion on debt interest.
December 8, 2023
11:31AM
The province's net debt is $31,749 per person, by far the highest level of any province in Canada.
November 10, 2023
9:34AM
The province’s oil and gas sector produces a significant amount of revenue for the government.
September 15, 2023
11:14AM
Residents of the province face the highest provincial government debt interest costs in the country.
March 24, 2023
4:25PM
Since 2021/22, the province has spent 89 per cent of all new revenue.
March 21, 2023
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The province's debt is on track to grow faster than its economy.
November 3, 2022
10:00AM
According to Alaska’s constitution, the state government must deposit 25 per cent of all mineral revenues into its fund each year.
May 2, 2022
10:32AM
The logic is simple—save resource revenue during good times to cover the shortfall during bad times.