In 2015, education was the province’s second highest expenditure, now paying the interest on our debt is.
Finance Minister, Tom Osborne says that’s thanks to Muskrat Falls.
Osborne is sticking to his guns when it comes to government’s rate mitigation plan, despite concern from Moody’s.
He says part of their concern is the upcoming federal election, and whether or not a commitment will be met in time for the election, and Osborne is issuing a challenge to those who decide to run federally from the province.
Osborne says they need to speak up and show support for the rate mitigation strategy put forward by the federal government.
They need to know where they stand in terms of working with the provincial government because it’s important, and they only way for the plan to work is to get help from the feds.