Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Opinion
Classified Sites

Brandon Sun - PRINT EDITION

Beware of Pallister spending cuts

The Aug. 23, 2014, edition of the Brandon Sun contains a letter to the editor from the provincial Progressive Conservative Leader Brian Pallister, wherein he criticizes the NDP government with respect to the downgrading of the provincial credit rating by Moody’s Investor Services.

He maintains that the provincial government should be changed and wasteful spending eliminated in order to “change the province’s outlook from negative to positive.”

In and out of the legislature, Mr. Pallister has promised that if elected his government would cut spending by substantial amounts. We are not told exactly where he would cut and what programs would be reduced or eliminated. Any significant reduction would certainly damage our health care and social service programs, where approximately 70 per cent of provincial spending occurs. Furthermore, curtailment of total government spending would hurt economic growth.

It is important to note that our provincial debt in relation to our GDP in 2014 is 29.8 per cent, which is lower than the 1999 level of 32.9 per cent when Mr. Pallister’s party left office. In fact, our ratio today is the fifth lowest of all the provinces and is below the federal average.

Based on the public accounts of all our jurisdictions, RBC estimates that the net debt per capita in 2014-15 is lower in Manitoba than the federal net debt and ranks the fourth lowest in Canada.

We should also note that in the same report issued on Aug. 18, in which Moody lowered its outlook on Manitoba’s debt rating to negative from stable, it nevertheless reaffirmed the existing rating of Aa1.

It states that this reaffirmation (1) reflects the diversity and stability of Manitoba’s economy with low unemployment rates; (2) the province’s high degree of financial flexibility with a broad and stable tax base; (3) manageable refinancing needs; (4) high debt affordability; and (5) a sound, although declining level of liquidity.

Len Evans

Brandon

Republished from the Brandon Sun print edition August 27, 2014

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 1 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

I find Mr. Evan's letters endlessly amusing in their "Pro-NDP" stance.

I would find it even more amusing if he were a weather man though. He'd insist that Winter was not coming since today it was bright and sunshiney and look at how nice it was yesterday as well! Moody's downgrade is not the first (nor the last) wake up call that the Province has received in regards to it's finances. It's just that the Province thinks that tomorrow will be the same as today, and it won't be. Our borrowing costs have just gone up and they will continue to do so in to the future if we stay upon the path we have.

At what point does the Province spend itself in to a hole that it cannot dig itself out of?

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

The Aug. 23, 2014, edition of the Brandon Sun contains a letter to the editor from the provincial Progressive Conservative Leader Brian Pallister, wherein he criticizes the NDP government with respect to the downgrading of the provincial credit rating by Moody’s Investor Services.

He maintains that the provincial government should be changed and wasteful spending eliminated in order to “change the province’s outlook from negative to positive.”

Please subscribe to view full article.

Already subscribed? Login to view full article.

Not yet a subscriber? Click here to sign up

The Aug. 23, 2014, edition of the Brandon Sun contains a letter to the editor from the provincial Progressive Conservative Leader Brian Pallister, wherein he criticizes the NDP government with respect to the downgrading of the provincial credit rating by Moody’s Investor Services.

He maintains that the provincial government should be changed and wasteful spending eliminated in order to “change the province’s outlook from negative to positive.”

Subscription required to view full article.

A subscription to the Brandon Sun Newspaper is required to view this article. Please update your user information if you are already a newspaper subscriber.

letters

Make text: Larger | Smaller

Election 2014
Brandon Sun Business Directory
The First World War at 100
Why Not Minot?
Welcome to Winnipeg

Social Media