Long-term planning critical for rural sustainability
NDP Leader Lorraine Michael (MHA, Signal Hill-Quidi Vidi) was looking for clearer answers from government today regarding what the fallout will be from the drastically revised provincial budget picture announced by the finance minister this morning.
“Government’s fall fiscal update paints a dismal fiscal picture as predicted recently by the Premier when he announced general spending restraints,” Michael said in the House of Assembly today.
“I ask the Premier, specifically what major government projects will be put on hold next year?”
The NDP Leader says uncertainty around employment, whether direct government jobs, or employment generated by major projects, is not good for the provincial economy. She adds that with better long-term planning, and serious commitment to economic diversity, some of the negative impacts of the drop in oil prices would have been mitigated.
“For the past eleven years this government has only reacted to fiscal crises,” she said.
“I ask the Premier, when are you going to develop long term planning for economic diversity and sustainability, especially in rural communities?”
Michael says cutting corporate taxes in past years was one of the short-sighted decisions made by government. She says reversing past corporate tax cuts would put some fairness back into the fiscal situation.