Newfoundland and Labrador bailout must come with spending cuts
• Feds giving $5.2-billion bailout to Newfoundland and Labrador
• Newfoundland and Labrador has highest per person program spending among provinces
By Canadian Taxpayers Federation -- Franco Terrazzano, Federal Director, CTF—— Bio and Archives--July 28, 2021
Canadian News, Opinion | Comments | Back To Full Article
OTTAWA, ON: The Canadian Taxpayers Federation is calling on the federal government to push the government of Newfoundland and Labrador to reduce its spending in the wake of Ottawa’s multi-billion-dollar bailout of the province and its Muskrat Falls hydro project.
“This means all Canadian taxpayers are now responsible for the bad decisions made by big-spending politicians in Newfoundland and Labrador," said Franco Terrazzano, Federal Director for the CTF. “Not only is this bailout a huge cost for Canadian taxpayers, but there aren’t any strings attached to force the province to save money.
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