Coady says "that is 1.5 percent of revenues which is a small deficit and government has been diligent about bringing it down."
NL’s deficit sits at $150 million. During a mid-summer economic update last week, Finance Minister Siobhan Coady says the goal is to get to no deficit. She says that is 1.5 percent of revenues which is a small deficit and government has been diligent about bringing it down. In her report, Coady highlighted employment is up and unemployment is down, retail and vehicle sales are up, the population is growing and housing starts have increased 100% so far this year. Coady says “government is working to make it easier in people by lowering the tax burden, and holding firm on fees, so we can put money back in people's pockets.” She says government’s future funds plan will help pay down the deficit which takes money from non-renewables and there’s almost $400 million in that fund this year which can easily pay off the deficit.
Port Saunders RCMP say the missing 58-year-old man has been located
Resource Enforcement officers looking for information about a fire in Trout River
Wild Cove opens for regular operations but crews continuing to smother the fire
Qalipu First Nation Chief and Council met in St. John's for the first time to include members in that area
Route 340 near Lewisporte is closed both ways due to a motor vehicle collision
