Budget 2023

Every year, the Government of Newfoundland and Labrador presents a budget which outlines its revenues and expenditures.

If government spends more than it makes in any given year, it is in a deficit position. The deficit from one year gets added to the deficit of the next year, which means deficits accumulated over time add to the province’s overall debt. Government must borrow money to help pay down this debt.

In 2021-22, the Government of Newfoundland and Labrador had a deficit of $400 million.

As of Budget 2022, government’s projected deficit for 2022-23 was $351 million, with projected revenue of $9.1 billion and expenses of $9.4 billion.

Net debt was anticipated to reach $17.1 billion in 2022-23; with a projected borrowing requirement of $2.7 billion.

A multi-year forecast puts government on track to a balanced budget in 2026-27:

2022-23 $351 million deficit

2023-24 $309 million deficit

2024-25 $270 million deficit

2025-26 $74 million deficit

2026-27 $82 million surplus

We must find better ways to deliver programs and services if we are to achieve all that we hope for a strong, smart, self-sufficient, and sustainable Newfoundland and Labrador. There are many important things government can do to improve quality of life in the province.

1. How much of a priority are each of the following for you?

Please only answer Question Two below if you selected "High Priority" for four or more of the quality of life measures in the table above. If you selected "High Priority" for three or less measures in the above table, skip to the next question.

2. Of course, government cannot address all priorities at one time. To help government focus its efforts, of the quality of life measures you determined to be a high priority in the previous question, please choose your top three. If you did not label at least four measures as high priority, you can proceed to the next question.

a) Your highest priority measure:

a) Your highest priority measure: Other...

b) Your second-highest priority measure:

b) Your second-highest priority measure: Other...

c) Your third-highest priority measure:

c) Your third-highest priority measure: Other...

	Not a Priority	Low Priority	Moderate Priority	High Priority
Strong fiscal management – Reducing deficit and debt	Strong fiscal management – Reducing deficit and debt - Not a Priority	Strong fiscal management – Reducing deficit and debt - Low Priority	Strong fiscal management – Reducing deficit and debt - Moderate Priority	Strong fiscal management – Reducing deficit and debt - High Priority
A focus on job creation	A focus on job creation - Not a Priority	A focus on job creation - Low Priority	A focus on job creation - Moderate Priority	A focus on job creation - High Priority
Support for innovation and technology industry growth	Support for innovation and technology industry growth - Not a Priority	Support for innovation and technology industry growth - Low Priority	Support for innovation and technology industry growth - Moderate Priority	Support for innovation and technology industry growth - High Priority
Regional economic development initiatives	Regional economic development initiatives - Not a Priority	Regional economic development initiatives - Low Priority	Regional economic development initiatives - Moderate Priority	Regional economic development initiatives - High Priority
Continue to improve health care services and outcomes	Continue to improve health care services and outcomes - Not a Priority	Continue to improve health care services and outcomes - Low Priority	Continue to improve health care services and outcomes - Moderate Priority	Continue to improve health care services and outcomes - High Priority
Improve access to mental health services	Improve access to mental health services - Not a Priority	Improve access to mental health services - Low Priority	Improve access to mental health services - Moderate Priority	Improve access to mental health services - High Priority
Supports for K-12 education system	Supports for K-12 education system - Not a Priority	Supports for K-12 education system - Low Priority	Supports for K-12 education system - Moderate Priority	Supports for K-12 education system - High Priority
More opportunities in skills training and post-secondary education	More opportunities in skills training and post-secondary education - Not a Priority	More opportunities in skills training and post-secondary education - Low Priority	More opportunities in skills training and post-secondary education - Moderate Priority	More opportunities in skills training and post-secondary education - High Priority
Support for the mining industry	Support for the mining industry - Not a Priority	Support for the mining industry - Low Priority	Support for the mining industry - Moderate Priority	Support for the mining industry - High Priority
Support for the oil and gas industry	Support for the oil and gas industry - Not a Priority	Support for the oil and gas industry - Low Priority	Support for the oil and gas industry - Moderate Priority	Support for the oil and gas industry - High Priority
Support for renewable resource industries such as wind and hydrogen	Support for renewable resource industries such as wind and hydrogen - Not a Priority	Support for renewable resource industries such as wind and hydrogen - Low Priority	Support for renewable resource industries such as wind and hydrogen - Moderate Priority	Support for renewable resource industries such as wind and hydrogen - High Priority
Support for newer industries such as film and television production	Support for newer industries such as film and television production - Not a Priority	Support for newer industries such as film and television production - Low Priority	Support for newer industries such as film and television production - Moderate Priority	Support for newer industries such as film and television production - High Priority
Support the transition to a cleaner economy and reduce greenhouse gas emissions	Support the transition to a cleaner economy and reduce greenhouse gas emissions - Not a Priority	Support the transition to a cleaner economy and reduce greenhouse gas emissions - Low Priority	Support the transition to a cleaner economy and reduce greenhouse gas emissions - Moderate Priority	Support the transition to a cleaner economy and reduce greenhouse gas emissions - High Priority
Affordable housing	Affordable housing - Not a Priority	Affordable housing - Low Priority	Affordable housing - Moderate Priority	Affordable housing - High Priority
Access to child care	Access to child care - Not a Priority	Access to child care - Low Priority	Access to child care - Moderate Priority	Access to child care - High Priority
Increase programs for Indigenous people, women, 2SLGBTQQIA+, and people facing systemic barriers	Increase programs for Indigenous people, women, 2SLGBTQQIA+, and people facing systemic barriers - Not a Priority	Increase programs for Indigenous people, women, 2SLGBTQQIA+, and people facing systemic barriers - Low Priority	Increase programs for Indigenous people, women, 2SLGBTQQIA+, and people facing systemic barriers - Moderate Priority	Increase programs for Indigenous people, women, 2SLGBTQQIA+, and people facing systemic barriers - High Priority
Anti-racism measures	Anti-racism measures - Not a Priority	Anti-racism measures - Low Priority	Anti-racism measures - Moderate Priority	Anti-racism measures - High Priority
Indigenous resources and reconciliation actions	Indigenous resources and reconciliation actions - Not a Priority	Indigenous resources and reconciliation actions - Low Priority	Indigenous resources and reconciliation actions - Moderate Priority	Indigenous resources and reconciliation actions - High Priority
Policing and courts	Policing and courts - Not a Priority	Policing and courts - Low Priority	Policing and courts - Moderate Priority	Policing and courts - High Priority
Poverty reduction	Poverty reduction - Not a Priority	Poverty reduction - Low Priority	Poverty reduction - Moderate Priority	Poverty reduction - High Priority
Improved roads and highways	Improved roads and highways - Not a Priority	Improved roads and highways - Low Priority	Improved roads and highways - Moderate Priority	Improved roads and highways - High Priority
Improved ferries	Improved ferries - Not a Priority	Improved ferries - Low Priority	Improved ferries - Moderate Priority	Improved ferries - High Priority
If you have a priority not listed above, please include it here:	If you have a priority not listed above, please include it here:

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