Liberal government 'addicted to unsustainable spending,' charges Green leader - Action News
Home WebMail Saturday, November 16, 2024, 08:47 AM | Calgary | -5.6°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
PEI

Liberal government 'addicted to unsustainable spending,' charges Green leader

On the day the P.E.I. government tabled the second-largest capital budget in the provinces history, opposition parties took aim at what they characterized as 'unsustainable' levels of public spending.

Opposition parties sound off on government's capital budget

'It strikes me that this budget is the latest piece of evidence that this Liberal government is addicted to unsustainable levels of spending,' says P.E.I. Green Party Leader Peter Bevan-Baker (Rick Gibbs/CBC)

On the day the P.E.I. government tabled the second-largest capital budget in the province's history, opposition parties took aim at what they characterized as "unsustainable" levels of public spending.

Finance Minister Allen Roach delivered a capital budget for 2018-19 that includes $133.9 million in spending on schools, roadsand public health facilities.

Finance officials said once amortization is factored in, that spending will push up the province's overall debt by about $56 million.

The province's net debt stood at $2.26 billion as of March 31, 2017.

"It strikes me that this budget is the latest piece of evidence that this Liberal government is addicted to unsustainable levels of spending," P.E.I. Green Party Leader PeterBevan-Bakertold the House.

'There's no bearing on balancing that'

In his budget address, Roach said the province's "fiscal prudence" led to the first balanced operating budget in a decade.

The Liberal party for whatever reason hasn't gotten the memo.Steven Myers

He said that, along withthe strong performance of the provincial economy,isallowing government "to make significant new investments in modern infrastructure to support Islanders."

PC finance critic Darlene Compton said that fiscal prudence is nowhere to be seen in the capital budget.

"They're bragging about balancing the operating budget but obviously the capital budget is, there's no bearing on balancing that."

PC MLA Darlene Compton says she's concerned how much further the province will be in debt following the capital budget. (Kerry Campbell/CBC)

Premier Wade MacLauchlan defended his government's spending plan, saying even with the increase in debt, the province will be able to improve its debt-to-GDP ratio.

"The main thing is to respond to the needs of Islanders," he said.

"So there's a big investment in education and schools. We're well aware that those needs have been demonstrated."

New Sherwood school

On the announcement of $19.2 million to replace Sherwood Elementary, opposition parties were accusing government of trying to influence the upcoming byelection in District 11 Charlottetown-Parkdale.

"It's corporate Liberal politics as usual," said PC MLA Steven Myers. "It's the thing I hear the most about politics that people are sick of the Liberal party for whatever reason hasn't gotten the memo."

'Sherwood School is of an age and of a capacity that will be of great benefit to that community and to all of our province to invest and invest now,' says Premier Wade MacLauchlan. (Kerry Campbell/CBC)

NDPLeader Mike Redmond, who's also running in thebyelection, said "it's wonderful that the government has seen the light to address school infrastructure, it is a shame that the premier uses elections to do the right thing."

MacLauchlan said government was responding to a funding request from the Public Schools Branch.

"Sherwood School is of an age and of a capacity that will be of great benefit to that community and to all of our province to invest and invest now."