Newfoundland and Labrador budget projects $688-million deficit [Investment Executive - News]
Equinor ASA (EQNR)
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Source: Investment Executive - News
Newfoundland and Labrador's new budget is projecting a $688.5-million deficit for the 2026-27 fiscal year with no end in sight to annual shortfalls. The province's Progressive Conservative government tabled its first budget Wednesday since unseating the Liberals in a provincial election last fall. The $11.5-billion spending plan, titled “Opportunity for All of Us,” includes tax breaks, a boost in health-care spending and money for the oil industry. It also sets aside funds to pay off a $750-million line of credit amassed by the provincial health authority. Absent is a plan to balance the budget. While other Atlantic provinces have announced cuts to offset large deficits, the Newfoundland and Labrador's five-year forecast includes several years of escalating deficits reaching more than $1 billion. “We've got to plan to get (the deficit) down,” Finance Minister Craig Pardy told reporters. “But we have to do it with the balance that we would address health care and the cost of l
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EQNR
Earnings
- 2/4/26 - Beat
EQNR
Sec Filings
- 4/20/26 - Form 6-K
- 4/20/26 - Form 6-K
- 4/13/26 - Form 6-K
- EQNR's page on the SEC website