- Tuesday, 14 February 2017
- Alex Moldovan
Newfoundland and Labrador has entered into a dire economic crisis as oil prices have plunged over the past two years. This has led to a massive 30 per cent gap in government revenues in the province and created the deepest fiscal crisis of any province in Canada. The provincial Liberal government of Premier Dwight Ball has reacted to the revenue gap by instituting a 30 per cent cut in every government agency and department, including health and education.