Board of trade president Sharon Horan wrote in her Telegram column last weekend that the unfunded pension liability will make up 85% of the provincial government’s debt not to long into the future. That will be up from the 75% of the public debt it makes today.
There you have proof that even the president . . . → Read More: The Sir Robert Bond Papers: Budget basics: debt #nlpoli
While people have been agitated about comments on Twitter, the Premier has been dazzling the politicians in the House with his explanation of the marvellous financial position of the provincial government under the Conservative Party.
On Monday, the former finance minister buggered up the amount of dividend that Nalcor will provide thanks to Muskrat Falls.
. . . → Read More: The Sir Robert Bond Papers: Horsefeathers #nlpoli
In a post that starts out about Muskrat Falls, the Telegram’s James McLeod does a fine job of laying out some basic information about debt, deficit, current account, capital account and other bits of the provincial budget.
Read it. Unless you have been living this sort of stuff up close for years, you will learn . . . → Read More: The Sir Robert Bond Papers: The Ongoing Net Debt Fallacy #nlpoli