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  • Province Slowly Chipping Away at Deficit: Osborne

    Finance Minister Tom Osborne claims the province has made some significant progress in the last three years in knocking down the deficit.

    He says things are slowly improving and while there’s still a lot of work to do, there’s cause for optimism.

    He says in each of the last 3 years they’ve eliminated $2-billion from the deficit. He says employment figures are improving as well with 6,000 more jobs in the province in August than the previous summer.

    The Conference Board of Canada in December forecast that Newfoundland and Labrador will lead the country in GDP growth in 2019. Osborne likens job creation efforts introduced by government to planting trees.

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