November 9, 2017

The following statement was given today in the House of Assembly by the Honourable Tom Osborne, Minister of Finance and President of Treasury Board:

Minister Osborne Announces Date for Upcoming Fall Fiscal and Economic Update

Mr. Speaker, I rise in this Honourable House to announce that on Tuesday, November 14, I will be providing the Fall Fiscal and Economic Update to the people of Newfoundland and Labrador. This update follows on the release of the 2016-17 Public Accounts in October, and will highlight the province’s economic outlook at the midway point of this fiscal year.

Mr. Speaker, since taking office our government has faced unprecedented challenges due to the fiscal mismanagement of our predecessors. Through a balanced approach to fiscal management, we have made progress in reducing the annual deficit from a projected $2.7 billion from the former government to $1.1 billion last year.

Our plan is a multi-year, whole of government strategy that covers fiscal, economic and social policies. We are focused on improving public sector efficiency, strengthening our economic foundation and delivering programs and services that are important to the public in a smarter and more efficient way.

Mr. Speaker, returning to fiscal balance and creating the conditions necessary for economic growth and private sector job creation remain our main priorities as a government. I look forward to once again updating the people of the province on our progress towards those goals.

Thank you.


2017 11 09                                                    1:50 p.m.