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Monday, November 5, 2012

The Province Is Still Spending Too Much

The provincial government is facing a duel dilemma........A projected deficit that almost doubled to 356 million dollars together with a rising unemployment rate which is up to 11.6 per cent provincewide.

Finance Minister Blaine Higgs says the province is receiving $110 million less in anticipated tax revenues because of a weakened economy.

Kevin Lacey, the Atlantic Director of the Canadian Taxpayers Federation, tells CHSJ News there's another problem.......The province, over the last five years, has been spending too much money despite recent attempts to rein it in and until that spending is tackled, the deficit will remain a problem.


Higgs concedes expense projections have also grown by $51 million.

Lacey is urging the Alward Government to avoid the temptation of raising taxes which he claims will make a bad situation even worse.