NL Quarterly Pop Est 521,542 -0.002
NL Payroll Employment 216,111 0.6% y/y
NL Weekly Wages 1,058.81 2.3% y/y
NL CPI 136.2 1.9% y/y
St. John's Unemp. Rate 7.4% 2.0 pts
Median Age NL 47.1 0.6 year
NL Retail Sales $0.8B 0.3% m/m
NL Life Satistfaction 10 MAX
NL Housing Starts 315 21% y/y
In reality, the additional debt is fungible, that is, the money you receive from borrowing could be spent on other expenditures.
Accrual based revenue is revenue that is recorded when the legal obligation is made. Cash-based revenue is when the cash associated with the revenue is actually received. An example: I sign a legal sales slip to give you $20,000 for your truck. Accrual basis: You record the sale today on your books. Cash Basis: You do not record the sale until you receive the money one month later.
The entire circle represents the interest owing this fiscal year on your VISA and the blue slice is the percentage coming from using your Mastercard. And yes, next year you will have to pay interest on your Mastercard account.
ROC: Rest of Canada
RAC:: Rest of Atlantic Canada
Read Commentary September 29, 2021
Status quo in NB: no growth, aging population, stalled resource development, de-industrialization, and high and growing public debt.
Author: Herb Emery
Read Paper May 08, 2021
Having accumulated nearly $50 billion in debt for a population of slightly more than one-half a million people, the status quo is no longer sustainable.
Author: Wade Locke and Doug May
Read Paper #4 Apr 12, 2021
Our provincial government is on an unsustainable fiscal trajectory. We argue a strategy can be concocted using the principles and strategies that we have already agreed to or have accepted in the past. We don’t need to reinvent the Wheel.
Author: Doug May and Wade Locke
Read Paper #3 Apr 12, 2021
Paradigm shifts needed in public sector governance and in the analytical policy-making framework should occur in:
Author: Doug May, and Wade Locke
Read Paper #2 Updated Apr 04, 2021
Author: Doug May, Patti Powers, Alton Hollett, and Wade Locke
Read Commentary Jan 31, 2020
Canadian, US, and British governments are fixated on the “prosperity of the middle class”. The US and Britain are also focused on the “Top 1%” and growing inequality. The political story: middle class has been “hollowed out” increasingly struggle to make ends meet; top 1% is grabbing most of the wealth. Does this story correspond to the facts?