Finance
June 26, 2019

House of Assembly Passes Budget 2019 – Working Towards a Brighter Future

The Honourable Tom Osborne, Minister of Finance and President of Treasury Board, is acknowledging the House of Assembly’s passing of Budget 2019 – Working Towards a Brighter Future. Budget 2019 reflects the priorities of Newfoundlanders and Labradorians as it is focused on long-term financial sustainability, improving access to government services, and helping to create jobs and encourage economic growth.

Highlights of Budget 2019 include:

  • Maintaining course to return to surplus by 2022-23;
  • Elimination of the Retail Sales Tax on automobile insurance;
  • Exempt payments from child support, Canada Pension Plan Disabled Contributor’s Benefit, and Canada Pension Plan Surviving Child Benefit for the purpose of determining eligibility for income support;
  • More than $100 million to support new jobs and economic development;
  • $594.3 million for new and existing schools, health care facilities, post-secondary institutions, transportation, justice, housing and municipal infrastructure;
  • Improving access to mental health and addictions services, home and community care, and primary health care;
  • Creating more affordable child care spaces; and
  • Support better educational outcomes for students.

For more information, please visit www.gov.nl.ca/budget/2019/.

Quote
“I would like to thank all members of the House of Assembly for a spirited debate on Budget 2019. We were confident that this budget would receive the necessary support, as it provides significant benefits to the people of this province. We look forward to continuing our balanced approach to delivering vital services while continuing to work towards a surplus in 2022-23.”
Honourable Tom Osborne
Minister of Finance and President of Treasury Board

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Learn more
Budget 2019: Working Towards a Brighter Future

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Media contact
Marc Budgell
Finance
709-729-2477, 689-0430
marcbudgell@gov.nl.ca

2019 06 26                              5:45 p.m.