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April 29, 2026
Better health care, lower taxes and safer communities are the key commitments for Premier Wakeham and his government with the release of Budget 2026: Opportunity for All of Us.
Today, the Honourable Craig Pardy, Minister of Finance, released details of the government’s first budget, delivering a speech that reinforces the goverment’s priorities and reflects a sharp focus on thoughtful decision-making and spending smarter.
Investments
Budget 2026 outlines a new vision for the province, building on the pillars that have resonated strongly with Newfoundlanders and Labradorians. In addition to the $45 million announced by Premier Wakeham to minimize the impact of Newfoundland Power’s rate increase planned for July 1, this budget supports individuals and families through the following:
Lower Taxes
Better Health Care
Safer Communities
For more information on the fiscal overview and economic outlook, please see below. Additionally, more detailed information on Budget 2026 is available online at www.gov.nl.ca/budget2026
Quote
“It is with great pride that I deliver your new government’s first budget to Newfoundlanders and Labradorians. We are steadfast in our commitment to improving the overall quality of life for residents by making everyday living more affordable. We are equally committed to strengthening communities, and this budget is reflective of that, with a focus on lower taxes, better health care, and safer communities. I strongly believe that the road ahead is full of opportunity – for all of us.”
Honourable Craig Pardy
Minister of Finance
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Learn more
gov.nl.ca/Budget2026
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BACKGROUNDER
Information on Fiscal Overview and Economic Outlook
Fiscal Overview
Economic Outlook