Province Gets a B in C.D. Howe Financial Report Card #nlpoli

The Government of Newfoundland and Labrador scored a B grade for 2017 in a report by the C.D Howe Institute this week.

The score assesses the quality of various government’s financial information and their success or failure in achieving budgetary goals. We had an E grade in 2016 and a D grade in 2015.

The report looks at the relevance, accessibility, timeliness and reliability of government’s financial reports across the country.

C.D. Howe stated in the report that Newfoundland and Labrador has improved markedly, and particularly with the quality and timeliness of its budget and public accounts documents. The report assesses whether individuals can get valid, timely and readily understood figures for total revenue and spending in the budget each government presents at the beginning of the year, and in the public accounts at the end of the year.