The province’s ability to manage its finances has a significant impact on our ability to attract investment, grow our economy and increase productivity. To build and maintain a strong economy, governments must commit themselves to sound management of public finances. A low debt-to-GDP ratio, a “right size” public sector, and reasonable government spending allow government the flexibility to respond to unexpected economic downturns when they occur. Responsible fiscal management and competitive tax policies encourage employers to invest and grow, creating jobs and contributing to a higher standard of living for all Newfoundlanders & Labradorians.