People always look at the expenditures, but in 2006-7 NL rolled out what the government called the “largest tax cut in history” https://twitter.com/dmay001/status/1334477227669540864
It was paid for by using oil and gas revenues. For the next decade revenues did not keep up with economic growth. And when oil royalties collapsed the gov discovered a structural deficit.
That situation was made worse by borrowing more and more money after oil revenues collapsed instead of raising taxes.
The Ball government reversed much of the revenue slide with their tax increases in 2017, but its been nothing but backsliding since then.
If Moya Greene’s commission isn’t discussing revenue problems, they aren’t doing their job.
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