Executive summary
On 30 September 2020, Newfoundland and Labrador Finance Minister Siobhan Coady tabled the province’s fiscal 2020–21 budget. The budget contains no new income taxes and no income tax increases.
The Minister anticipates a deficit of CA$1.84 billion1 for 2020–21, a $300 million reduction from the province’s July fiscal update. A multi-year budget forecast was not prepared as part of this budget, due to uncertainties stemming from the COVID-19 pandemic.
The following is a brief s…