VOCM, in a year-end news story, quotes Finance Minister
Tom Osborne saying that “the province has made some significant progress in the
last three years in knocking down the deficit.” The Minister asserts that “in
each of the last 3 years they’ve eliminated $2-billion from the deficit.”
builds and the propaganda machine is stoked. However, I do remember the Premier
stating his commitment to transparency, and it is in that spirit I’m hoping the
Minister will release details of his quite fantastical assertion.
a painless exercise? How will we ever learn not to repeat the last decade of
fiscal irresponsibility if correcting financial recklessness is done so easily?!?
year of the Ball Government, let alone in three. If proof were needed, readers need only refer
to the Auditor General’s Report for the 2017-18 fiscal year, released just last
Government’s record of operating revenues and expenditures. While it
incorporates a ten-year period from 2008 to 2018, the three Budget periods of the
Ball Administration — beginning in 2016 — are easily identified. The Exhibit consistently
shows a roughly $1-2 billion difference in expenditures over revenues. If the Minister is right, one of the lines in the Exhibit would have to vastly diverge.