Eugene G. Manning
@eugenemanning
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Start with conservative oil price assumptions. Budgeting on high commodity prices is the fiscal equivalent of drinking on the forecast we can’t afford that.
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Credit to @PCPartyNL for some early fiscal restraint, but if the deficit can’t be eliminated immediately, we need a clear roadmap with real targets.
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That leaves roughly $300M from the 2025 budget still to be borrowed this fiscal year.
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Borrowing costs are on the rise. About ~3% higher for the same bond, same issue date.
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Interesting update in the @GovNL bond portfolio this week. A bond issued in December has only now appeared in the database — same issue date as a previous tranche. Odd delay 🧵👇
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So, @alexrobertbill and @Andrew_Parsons1 have a great new podcast. The Honourable and the Hack. They wanted to know my thoughts on #nlpoli. Was more than happy yo oblige. Thanks for having me on, gents. https://t.co/lFyOPf9lFM
open.spotify.com
The Honourable and The Hack · Episode
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In our latest Economics Matters podcast, we examine the recent federal budget, how the ambitious investments will impact Canadians and dive into how the public sector reductions will be felt in the Ottawa-Gatineau region. Listen at the link here: https://t.co/hHcjfA5mwP
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This leaves $700M to be borrowed in this fiscal, according to 2025 Budget.
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Latest $800M bond issue from Gov of NL was updated this week. First time since August. Interesting rates continue to creep higher from previous offers.
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This seems like something that should get more attention in #nlpoli circles. Labrador has, and will have, serious strategic significance.
The United States wants to meet with Greenland 🇬🇱 – without Denmark 🇩🇰 The United States has attempted to arrange a high-level political meeting with representatives from Greenland without involving Denmark. According to the Danish newspaper Politiken, which has spoken to
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Interesting podcast on the upcoming federal budget. Relevant to #nlpoli is the discussion on the trend for governments to list what should seemingly be expenses as capital investments, make deficits appear much lower than they actually are. https://t.co/WtmSo4r4Ef
open.spotify.com
The Big Story · Episode
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Coincidental I'm sure, and long overdue for this stretch of road. But there's something very #nlpoli about seeing this in front of the house on Advance Poll Day.
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Some new bond info for Gov NL updated today. $2.6B borrowed so far on the fiscal year, seems our rates are creeping up on 10 year, which I'd have to think is expected given our level of borrowing.
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LEGAL SUPPORT FOR CBN WILDFIRES As a former resident, I’m offering pro bono legal support for those affected by the wildfires — including help with insurance policies & claims. If someone you know needs support, you can reach us at wildfires@legalhelpnl.ca.
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If you were trying to foster and grow a connection between the larger community and your institution, it seems like cutting the Harris Centre and Office of Public Engagement wouldn't be where you'd start to find savings. Really says a lot about Leadership's understanding.
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I find it really surprising that this didn't spark more debate in the province. Especially as NL, historically, has relied on trade, foreign and domestic, for a large part of its economy. Seems to be a silent consensus on the issue.
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And I hear they posted a personal best! Congrats Ladies!
J and E girls back on the pond for time trials! @eugenemanning and J and E team are awesome sponsors.
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Interesting convo on The Gathering Place FB page. What responsibility do shelters have, not just to clients, but to the surrounding community relating to crime and drug use in the neighbourhood? How do we balance care and accountability? How do we define success?
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Committing to getting spending under control and a government that lives within its means is something I can get behind.
Our Liberal Finance Minister is tied for worst in the country. With per person debt soaring to the nation's highest, the interest payments alone exceed $1 billion. The Liberals' reckless spending must stop. A PC government will lower costs and make life more affordable—for all
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