Tuesday, July 15, 2008

NBT: Put it all down on your debt Nova Scotia

Only days after agreeing to an $870 million Crown share settlement, I see the MacDonald government is sending out mixed signals on how it will be invested. Some for the 100-series highway project? Some for education? Some for this? Some for that? When does it end?

Remember, former Premier John Hamm put $830 million on the debt from the Atlantic accord in 2005. Let's hope the current government does the same and puts 100 per cent of the offshore windfalls towards the deficit. Anything less would be fiscally irresponsible.

Related: Why we deserve our billion bucks, Crown-share revenues should go on debt, Offshore Energy Payment Issue Almost Resolved,Crown share deal sets the table, Large day for offshore, Ottawa, N.S. Reach Deal On Payments, Governments of Canada and Nova Scotia Resolve Crown Share, N.S. lands $867M windfall.


At Jul 15, 2008, 11:43:00 AM , Anonymous jed said...

How about some tax relief??

At Jul 16, 2008, 3:25:00 PM , Anonymous nbpolitico said...

Hear, hear NBT! Put it on the debt and then, if they need to spend, take it out of the gained revenue from small debt service payments.

At Jul 17, 2008, 11:05:00 AM , Anonymous bill said...

Nova Scotia has the worst per capita debt of all the ten provinces. You're right. Time to address that seriously.

At Jul 17, 2008, 7:57:00 PM , Blogger nbt said...

jed: that would be worth a look.

nbp: Nice! A fiscal conservative at heart you are.

bill: Yeah, I know, that's why I think it's time Rodney started tightening the belt a bit. Corporate welfare hasn't subsided even after the implementation of NSBI. Plus, his cpmmunity center/sports arena (upgrade or new) program geared at every rural area in Nova Scotia is a bit much.


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