Where’s the money?

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The Telegram’s excellent reporting on 2012 and 2013 provincial budgets enabled me to follow the spending patterns in those budgets, with the recent budget being financially devastating for programs, job losses and the justice system.

In the past two budgets, I am disturbed by the bizarre relationship between Nalcor and the provincial government, and while my concerns are just a theory, I believe it warrants further investigation.

In the 2012 budget, Nalcor received around $245 million, and in the last budget Nalcor got around $531 million while Newfoundland and Labrador citizens lose careers and vital service to cuts.

Has Nalcor taken layoffs, wage reductions, lost bonuses (if any), or is the CEO being asked to work for a little less?

Why is Nalcor getting this funding while the provincial government is short cash?

Why is Nalcor important enough to become a financial sinkhole for the province?

I think that Bill 29 was passed to conceal why Nalcor is getting millions from a cash-strapped government, and we deserve answers.

As a concerned citizen, I want to know why this province has become the financial sacrificial lamb for Nalcor.

Helen Webster

St. John’s

Geographic location: Newfoundland and Labrador

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Recent comments

  • Corporate Psycho
    April 05, 2013 - 19:27

    Well said Helen.

  • K
    April 05, 2013 - 10:44

    Helen: Where have you lived in the past few years? These questions have been asked , repeatedly, over and over. Also the amounts you have mentioned are differant than what I read in the TELEGRAM previously. Honestly , why do people have info at their finger tips and not use it?

  • david
    April 04, 2013 - 13:19

    Let me explain it to you: Nalcor is the top secret "black box" economic solution to all Newfoundland's woes. It is so powerful an economic force, we cannot know or look upon it's workings....it would cause a human being to simply disintegrate. So, like North Korea spending it's last few rubles...or yuan or pesos, whatever they have over there...on nuclear bombs, instead of on food for starving people, we are putting all our money, and ringing up the Visa card, in this financial "Sonic Boom Machine". Just stand back, watch the show with appropriate awe, and wait for the money to rain from the sky. Well, after another few elections....promise. And in the meantime, our freinds will be testing the process by catching some of the money spit out along the way, mainly to ensure it poses no eventual hazard for the citizenry. After all, it is all about public service.

  • EDfromRED
    April 04, 2013 - 10:38

    This government must be modeling their messaging after Saddam Hussein's infamously deluded Information Minister. Doom and Gloom, Crime and Cut's abound, but for the PC's everything is coming up roses and these cut's are fantastic! Million's for NALCOR? While people suffer endlessly --it's all good! Hmmm, I guess they are ignoring what happened to ole Saddam and his corrupted to the core regime, when ugly reality could not match the blatant lies.

  • Foghorn Leghorn
    April 04, 2013 - 08:55

    X 3

  • Pertinent Questions that need answers.
    April 04, 2013 - 08:12

    Helen Webster the great questions you presented in your article, only after you have analyzed the last two Provincial Budgets, NEED TO BE ANSWERED!

  • Maurice E. Adams
    April 04, 2013 - 07:09