Finance
March 23, 2016
Long-Term Planning with Decisive Actions
Provincial Budget to be Delivered April 14
The Honourable Cathy Bennett, Minister of Finance and President of Treasury Board announced today that Budget 2016 will be delivered on April 14.
"We promised the people of the province that we would release our budget after the Federal Government announced their budget. Now that we have had the opportunity to review the budget details and the role it plays in the province's finances, we are in a position to finalize and release our budget, multi-year fiscal targets and our plan to deal with the unprecedented fiscal situation the province is facing. The challenges this province is encountering did not happen overnight and cannot be solved overnight. Budget 2016 is the first step in reshaping our fiscal future."
- The Honourable Cathy Bennett, Minister of Finance and President of Treasury Board
Given the seriousness and scope of the current and forecasted fiscal situation, a new approach was required that moved beyond past single year pre-budget consultation efforts. Decisive actions will be implemented with Budget 2016, followed by more actions in a supplemental budget later this year, and then by longer-term actions in Budget 2017.
Details of the media lock-in for Budget 2016 will be announced prior to budget day.
QUICK FACTS
- Budget 2016 will be delivered on April 14.
- Decisive actions will be implemented with Budget 2016, followed by more actions in a supplemental budget later this year, and then by longer-term actions in Budget 2017.
- Now that the Federal Budget details have been reviewed, the province is in a position to finalize and release its budget, multi-year fiscal targets and a plan to deal with the unprecedented fiscal situation the province is facing.
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Media contact:
Jennifer Tulk
Director of Communications Department of Finance and Human Resource Secretariat 709-729-6830, 728-4104 jennifertulk@gov.nl.ca |
2016 03 23 10:05 a.m.