“Truly Independent Review Shows” Finances Well Managed By NDP

August 19, 2013

NDP MLA Mat Whynott says it’s disappointing Stephen McNeil continues to ignore all evidence, even the opinions of Liberal MLAs, in an attempt to mislead Nova Scotians about the balanced budget.

This in spite of the fact in July the Dominion Bond Rating Service upgraded Nova Scotia’s credit rating to A(high) (stable), the highest rating the province has received. Over the weekend two additional credit rating agencies, Standard and Poor’s and Moody’s, also reaffirmed positive ratings, A+ and Aa2 (stable).

In 2010, when the process of getting Nova Scotia back to balance had just begun, then Liberal finance critic Leo Glavine was quoted as saying a DBRS rating “was a truly independent review of Nova Scotia’s finances” and called a DBRS decision “concrete evidence” about the direction of Nova Scotia’s economy.

Whynott says it’s time McNeil accept the fact the NDP balanced the budget – something the Liberals haven’t been able to do since 1976.

“It says a lot about the leadership of Stephen McNeil that he’s willing to ignore his own MLAs and the world’s leading credit agencies when it comes to the NDP’s balanced budget. To paraphrase Leo Glavine, ‘the facts don’t lie,’ – the NDP has managed the provincial economy well. It’s clear Stephen McNeil will say and do anything to try and become Premier.”

Today, acting Finance Minister Graham Steele gave a provincial budget updated and confirmed Nova Scotia is back to balance under the NDP.

Whynott points out Stephen McNeil ran for a Liberal government in 1999 that hid health board deficits and P3 school costs then claimed borrowing $600 million would not add to the deficit.

“We’ve seen what happened the last time the Liberals were in charge of the books. Nova Scotians can’t risk a repeat of the Liberal record that Stephen McNeil defended then and now”

To read the 2010 Liberal release click here: http://nsliberalcaucus.ca/news/view/174 .