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.
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.
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