NL Budget Has $372-Million Deficit, Includes $200-Million Tariff Contingency Fund

NL Budget Has $372-Million Deficit, Includes $200-Million Tariff Contingency Fund
Newfoundland and Labrador Premier Andrew Furey holds a news conference in St.John's, on Feb. 25, 2025. The Canadian Press/Paul Daly
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The Newfoundland and Labrador government is delaying its plan to balance the books for another year, with a new budget forecasting a $372-million deficit as the province navigates uncertainty from decisions made south of the border.

With United States President Donald Trump threatening and, in some cases, implementing tariffs on Canadian goods, Finance Minister Siobhan Coady said Wednesday it was not the right time for the province to tighten its fist on spending.