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The Sir Robert Bond Papers: The Vibrant Unsustainable Super Energy Debt...

The Conservatives used to say that Newfoundland and Labrador was eastern North America’s energy warehouse.  Once Danny Williams ran for the hills and left Kathy Dunderdale in charge, she kicked...

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The Sir Robert Bond Papers: The Whizzo Quality Assortment #nlpoli

On the outside, the spring budget for 2014 looks like a delicious assortment of goodies for everyone.  You can tell it is delectable because everyone is shouting for joy and drooling over their good...

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The Sir Robert Bond Papers: Double-down Locke #nlpoli

“I didn’t see this coming,”  Memorial University economist Wade Locke told the Telegram’s James McLeod the other day. Locke was talking about the dramatic drop in oil prices over the past week and a...

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The Sir Robert Bond Papers: The Elephant in the Room, the Astigmatic Seer,...

Has anyone noticed a small problem in all the discussions about next year’s budget?On Point’s David Cochrane had both NAPE’s Carol Furlong and the Conservative’s pet economist Wade Locke on the show to...

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The Sir Robert Bond Papers: The Endless Supply of Sacred Cows 2015 #nlpoli

On the first day of the session in the House of Assembly, the finance minister tabled an interim supply bill for slightly more than $2.7 billion.Supply is the word the use in the House of Assembly for...

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The Sir Robert Bond Papers: Newfoundland government finance, 1832 to 1949...

Before Newfoundlanders stopped governing themselves in the early winter of 1934, they’d run a sometimes arduous course.Newfoundland gained a limited form of self-government in 1832 and in 1855 gained...

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The Sir Robert Bond Papers: Things are THAT bad #nlpoli

David Thompson is an independent economist in the same way that Jerry Earle and Wayne Lucas are independent human resource consultants.But the problem isn’t that CBC couldn’t make a factual statement...

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The Sir Robert Bond Papers: Praying for a miracle #nlpoli

People are talking about austerity but the simple truth is the people talking that way have a vested interest in exaggerating what is going on in the provincial government. Yes, we *are* in a very...

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The Sir Robert Bond Papers: Budget 2019 Context #nlpoli

Most of the commentary about Budget 2019 on Tuesday will be focused on the short-term. Here are some slides that show longer-term trending.  We’ll update them later on with the Budget 2019 figures.This...

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The Sir Robert Bond Papers: Budget 2019 – revised trends #nlpoli

Budget 2019 was an election budget in the sense it contained a lot of little goodies, but there was nothing to get overly excited about. While everyone else is focused on the shot-term,  the long-term...

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The Sir Robert Bond Papers: The Financial Reality of Election 2019 #nlpoli

The reality confronting any administration after May 16 is the same regardless of which party wins the election.  The government is unlikely to balance the budget in 2022, regardless of who wins the...

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The Sir Robert Bond Papers: Deficit $250 – $300 million higher than announced...

In the episode that aired on 26 May 2019, Premier Dwight Ball told NTV’s Issues and Answers that the deficit for the current budget is between $800 – $900 million. “Are you prepared to make any...

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The Sir Robert Bond Papers: Deficit *is* higher than previously announced...

The House of Assembly will have to deliver a budget that keeps access to new public debt for the foreseeable future. The politicians must satisfy the bond-rating agencies, not the voters.  Parties...

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The Sir Robert Bond Papers: More beige than beige #nlpoli

The Premier had a carefully rehearsed message when reporters asked him on Thursday why he had appointed everyone in cabinet back to their old portfolios despite an election that had reduced his party...

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The Sir Robert Bond Papers: Osborne whistling past financial graveyard #nlpoli

Moody’s delivered a clear and serious message to the Government of Newfoundland and Labrador on Wednesday night by lowering the government’s credit rating.  The credit rating action came after a series...

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The Sir Robert Bond Papers: No change in the weather? No change in we. #nlpoli

The problem we have is not a lack of options and opportunities to sort out the government finances ourselves.  The problem facing Newfoundland and Labrador is that the leading people of the province,...

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The Sir Robert Bond Papers: Borrowed Money and Borrowed Time #nlpoli

Tom Osborne was in Ottawa on Tuesday with his fellow finance ministers trying to squeeze some extra cash out of the federal government.  The wealthiest provinces in Canada – Alberta,  Saskatchewan, and...

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The Sir Robert Bond Papers: Bank of Canada to help GNL make payroll #nlpoli

Bank of Canada234 Wellington St, Ottawa The Bank of Canada announced today that it will purchase up to 40% of money market securities with terms to maturity of 12 months or less that are  issued...

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The Sir Robert Bond Papers: All around in circles #nlpoli

Going around in circles must be frustrating. Plummeting crude prices have dropped refining margins to negative numbers and so it isn’t surprising that Come by Chance refinery announced Sunday it is...

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The Sir Robert Bond Papers: Financial Fustications #nlpoli

If we had Equalization, we’d have a budget surplus. On Friday, 20 Mar 20, Premier Dwight Ball wrote to the Prime minister to say that the financial arse was out of Newfoundland and Labrador. Ball...

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