Taxpayer federation urges Newfoundland and Labrador premier-designate to cut spending
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
ST. JOHN’S – An advocacy group for lower taxes is urging Newfoundland and Labrador premier-designate Tony Wakeham to curb spending after a warning this week from a major credit rating agency.
Devin Drover, Atlantic director for the Canadian Taxpayers Federation, says residents don’t need another premier that will worsen the province’s debt.
In a report Wednesday, Morningstar DBRS said Wakeham’s campaign promises could help derail the outgoing Liberal government’s goal of balancing the provincial budget next fiscal year.
However, the Liberals in past years had also deferred plans to balance the budget, while the deficit this fiscal year is expected to hit $626 million.
Wakeham made several costly campaign promises, including a $93-million pledge to raise the basic personal income tax exemption, before the Progressive Conservatives won a slim majority in Tuesday’s election.
Morningstar says it would consider downgrading Newfoundland and Labrador’s credit rating if the province’s financial situation deteriorates.
This report by The Canadian Press was first published Oct. 17, 2025.