Posted May 2, 2019, 5:00 PM
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Registered User
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Join Date: Mar 2014
Posts: 1,567
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The province is in a better fiscal condition primarily as a result of provincial fiscal discipline, low interest rates,a 10 year boom in the world economy and abolition of long term service awards. The remaining problem is the pension plan for teachers and that can only be fixed by a significant reduction in benefits for future contributions and/or a significant increase in contributions by teachers and the province. The plan has been in deficit for over 40 years.
An aging population is a significant fiscal burden that cannot be estimated.
I'd say the refrigerator reparman has done a better job as premier than many of his supposedly better educated predecessors.
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