Standing Strong: For Prosperity. For Our Future. For Newfoundland and Labrador
Under the leadership of the Honourable Kathy Dunderdale, Premier of Newfoundland and Labrador, the Provincial Government today unveiled its plan to propel Newfoundland and Labrador to the full heights of its potential.
Budget 2011 Standing Strong: For Prosperity. For Our Future. For Newfoundland and Labrador, is a commitment to continue with determination to build the province and to create opportunities for more citizens to thrive and prosper. The budget targets initiatives in key areas, including tax relief, health care, new measures to assist families and children, infrastructure, innovation and social programming.
“Never before in our history have we been better positioned to move forward with an agenda that will bring real and lasting benefits to the people of this great province,” said Premier Dunderdale. “To achieve success from both an economic and social perspective, we must be fiscally responsible, paying close attention to our financial position, while maintaining a level of investment to ensure the growth of the economy, and making strategic investments that will enable our young people, families, seniors and our entrepreneurs and innovators to prosper.”
Budget 2011 projects a surplus of $485 million for 2010-11, and forecasts a surplus of $59 million for 2011-12.
“Through a combination of sound decision-making and strong resource revenues, we are on a solid financial footing, with the ability to focus expenditures where they are needed most,” said the Honourable Tom Marshall, Minister of Finance and President of Treasury Board. “Our multi-year provincial infrastructure strategy has stimulated economic activity in regions across the province. Standing strong on our record of responsible financial management, we will maintain a balance in spending that is based on what is affordable in future years.”
Highlights of the positive economic outlook for Newfoundland and Labrador in 2011:
Highlights of Budget 2011 include:
“Our government is standing strong for the people of Newfoundland and Labrador, determined to provide the tools to enable all individuals to be self-reliant and to prosper,” said Premier Dunderdale. “We will build our province by building partnerships and making responsible, progressive decisions. Investments in our families and young people, coupled with support to promote a thriving economy will serve our province well into the future.”
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Photo #1: Tom Marshall – Minister of Finance and President of Treasury Board
Milly Brown Press Secretary Office of the Premier 709-729-4304, 631-8477 millybrown@gov.nl.ca |
Luke Joyce Director of Communications Department of Finance 709-729-6830, 725-4165 lukejoyce@gov.nl.ca |
2011 04 19 2:15 p.m.