Newspaper article The Canadian Press

Five Things to Know about Newfoundland and Labrador's Provincial Election

Newspaper article The Canadian Press

Five Things to Know about Newfoundland and Labrador's Provincial Election

Article excerpt

Five things to know about provincial election

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ST. JOHN'S, N.L. - Five things to know about the provincial election in Newfoundland and Labrador as voters go to the polls on Monday.

Liberal momentum: Heading into the campaign, the Liberals were on a roll, winning six straight byelections since June 2013 to erode the Progressive Conservative party's majority.

Government spending: Between 2003 and 2015, government spending increased from $5 billion to $8 billion, but provincial finances have been hurt by the drop in world oil prices. In 2013, about one third of provincial revenue came from the offshore energy sector, but that figure has since dropped to about 20 per cent, leaving a projected $1 billion deficit in the 2015-16 budget. A recent Conference Board of Canada report says depressed oil prices are leading the province into a string of deficits and existing austerity measures won't reverse the trend. …

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