Thursday, May 01, 2008
The Surpluses and Debt
It's good to be awash in extra dough - rich or poor it's always nice to have money. It's good to see an additional $266 million for health care operations, and the debt coming down. There's still $10.3 billion on that credit card. According to the budget in the next fiscal year another $300 million will bring it down to $10 billion. With the price of oil reaching record levels just about every day, it just means more good surplus news for Newfoundland and Labrador. The expected surplus of over $500 million next year could be $1.7 billion, therefore, much more could be paid down on the debt. In years to come it will mean more money for dis, debt and de'udderting.