New poll shows public wants a plan to restructure government program and service delivery to be affordable
Latest NewsProductivity & Competitiveness February 3, 2021 |0
The vast majority of Newfoundlanders and Labradorians (85%) say it is important to them personally that government develop a plan to restructure and modernize government services to be affordable and sustainable. Only 4% feel this is not important. This according to public opinion polling conducted by Narrative Research from January 6-19, 2021. 77% of NL
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Employers’ Council calls for credible plan to fix spending problem
Latest NewsProvincial Government Fiscal Policy February 2, 2021 |0
The Employers’ Council has been in the news this week calling for a credible plan to modernize and reform government program delivery and address our province’s spending problem. Earlier this month we also defended the Economic Recovery Team following Mary Shortall’s resignation, calling out the need for a credible and transparent plan to provide certainty
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Government delivers “more of the same” in pandemic Budget
Latest NewsProvincial BudgetProvincial Government Fiscal Policy October 1, 2020 |0
Speech provides hope that action on spending reform to come next year New Finance Minister Siobhan Coady released her first budget yesterday amid the Covid-19 pandemic. The delayed 2020-21 budget delivered more of the same in terms of increased expenditures, large deficits and massive amounts of borrowing. Expenses increased $524 M over 2019-20, to a
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COVID-19 Supply Chain & Fiscal Situation
Latest NewsProvincial Government Fiscal Policy August 12, 2020 |0
The Employers’ Council has been in the media discussing the continued challenges faced by NL businesses due to COVID-19, as well as the need for swift action by the incoming premier on the province’s fiscal situation. While many in the public feel that NL’s economy is back to normal due to the low number of
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NL Employers’ Council reacts to $2.1 B deficit
Latest NewsProvincial Government Fiscal Policy August 4, 2020 |0
Minister Tom Osborne presented the provincial fiscal update on Friday, July 24th. The provincial deficit is now $2.1 billion, which is more than double the projected deficit in the last budget. Borrowing has also increased by $2 billion to $3.2 billion. These projections do not include any budgetary decisions. The province plans to release a
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Elected officials must put politics aside and develop a plan to fix the fiscal crisis
Latest NewsProvincial Government Fiscal Policy June 9, 2020 |0
The Employers’ Council sent a letter to all elected officials in NL yesterday, asking them to use the reopening of the House of Assembly today as an opportunity to develop a long term fiscal plan for the province. Read the full letter. The letter urges elected representatives to give the same focus and urgency to
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Business needs more timely support from government
Latest NewsProvincial Government Fiscal Policy May 5, 2020 |0
The NL Employers’ Council was in the news this week calling for more timely support from the provincial government to help businesses survive Covid-19 shutdowns, and swifter action to address the province’s economic crisis. The NL Employers’ Council, along with eight other business associations sent a letter to government in early April outlining no-cost and
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Employers’ Council creates media buzz on “Transforming our Future”
Latest NewsProvincial Government Fiscal Policy March 6, 2020 |0
The NL Employers’ Council generated significant media coverage last week by securing interviews for guest speakers from our Transforming our Future summit on all major news broadcasts. We also secured multiple follow-up interviews with Executive Director, Richard Alexander, calling for a credible plan to fix our fiscal situation. Watch the coverage now using the links
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Employers’ Council speaks out on impact of SOE on business
Latest News January 24, 2020 |0
The NL Employers’ Council has been in the news today and yesterday raising awareness of the impact the state of emergency has had on businesses, many of whom are dealing with significant losses and stress as a result of being shut down for a week. Some employees and labour leaders have been publicly pressing all
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Employers’ Council speaks out as fiscal situation worsens
Latest NewsProvincial Government Fiscal Policy December 20, 2019 |0
Finance Minister Tom Osborne issued the fall fiscal update last week, showing the deficit for 2019-20 had grown to $943-million. This is up significantly from the $575 million projected in the 2019 budget. Government attributed this to factors “outside of their control”, specifically decreased revenue. This included $185 M from a shutdown in Hibernia, lower
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