Opposition Liberal Leader Dwight Ball says the provincial government seems to be spending the same $2 billion many times over.
“Yesterday, Tory backbencher Dan Crummell stated that the $2 billion in cash reserves would be used as a ‘rainy day fund’ to cover any deficits caused by declining oil prices,” said Ball in a news release.
“That is completely opposite of comments made by the Premier (Kathy Dunderdale), who stated that the $2 billion is already spoken for and reserved for infrastructure spending.”
According to Ball, the province has said the $2-billion will be used for a Muskrat Falls equity investment, infrastructure spending, budget shortfalls, and security against a loan for the Muskrat Falls hydroelectric project.
“This government is trying to have their cake and eat it, too,” he said. “This $2 billion can’t be used for everything, and can’t get the government out of the budget trouble in which they’ve placed our province.”