Province’s dire financial situation forum scheduled for September

(Photo courtesy of Memorial University.)

A major forum on the province’s dire financial situation is scheduled for September in St. John’s.

The event will examine the economic trajectory in terms of how Newfoundland and Labrador found itself in such dire straits and where the province should go from here.

The province is heavily in debt and is committed to keeping electricity rates as low as possible after Muskrat Falls comes online. This is not an easy task.

MUN economist Wade Locke is one of the organizers of the forum, which will include a roster of experts from former Prime Minister Danny Williams to current Finance Minister Siobhan Coady, as well as federalism experts. .

Newfoundland and Labrador discusses rate mitigation with the federal government.

Locke says that one of the realities we face is that the contribution of the oil and gas industry to the province will decline over time.

The event, which is an in-person and virtual hybrid, takes place on September 15. Registration is free.

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