Show me the numbers.
A local Chartered Professional Accountant says there simply isn’t enough information available to make a determination on Monday’s announced Muskrat Falls mitigation plan.
Larry Short is a spokesperson for CPA – Canada’s Financial Literacy Program. He says without any numbers, it’s impossible to determine whether what was presented will have any impact.
Unless you have a plan in writing, it’s a prayer, says the financial planner. What he saw Monday was an intention of what government hopes to do.
Dwight Ball making the rate mitigation announcement on Monday.
Short believes Monday’s announcement, despite a lack of detail, was intended to boost up consumer confidence. He questions the notion of diverting Nalcor’s dividends to help ease the ratepayer’s obligation to pay off the $12.7 billion dollar megaproject.
He asks whether that dividend was supposed to be used to pay down the province’s debt.
Short attended yesterday forum hosted by MUN’s department of economics aimed at finding “Reasonable solutions to Newfoundland and Labrador’s fiscal reality.” He says the session was free of the usual political finger-pointing.
“It opened without somebody standing up and spending a half hour blaming the PCs.” says Short. Instead, they sought solutions which he calls “encouraging.”
