Osborne: Financial Situation Improving but Still not Sustainable #nlpoli

Finance Minister Tom Osborne will deliver an update this afternoon on the province's finances.

The government said that the province is no longer in a financial crisis, having said that the situation remains unstable.

Since the Liberal took power two year ago there were several new taxes put in place along with tax increases.

Back then government was spending $2.34-million a day on debt along.

That number has been reduced to $2-million a day.

A number that remains unsustainable.