This is budget day in Newfoundland and Labrador, the first for Tony Wakeham as Premier.

Cost of living measures are expected to be a significant aspect of the budget today.

Premier Tony Wakeham indicated that relief is coming, leading to questions of Finance Minister Craig Pardy about how government might address the cost of living in today’s budget.

Wakeham exclaimed “we’re gonna save you money tomorrow!” Later, Pardy jokingly said that he would have to talk with the premier about letting information slip ahead of budget day. He confirms that, in terms of the PC election platform, the budget will be “promise made, promise kept.”

Government assures that there will be no layoffs or job losses.

Despite a burgeoning debt of over $20-billion, government has said that it will not be balancing the books either this year or next.

The PCs’ financial plans will come down in the House of Assembly at 2:00 this afternoon and VOCM will have live coverage from 2:00 until 3:00.