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Friday, November 26, 2010

Fiscal Update Reveals Higher Provincial Deficit

More bad financial news from the Alward government.
Finance Minister Blaine Higgs releasing an update today predicting the deficit will swell to more than 820 million dollars this year.

He says the debt could hit 9.6 billion.
Higgs says the deepening sea of red ink is not sustainable and the province is looking at all ways of getting things under control.