This week DBRS Limited, a bond rating agency, issued a report that was critical of the provincial NDP’s economic record. It noted specifically that the date to balance the budget continues to be pushed back and that the debt to GDP ratio of the province was among the highest in Canada.
These concerning comments come just a month after Moody’s Investors Services downgraded the province’s credit rating also citing poor financial management by the NDP. It’s time the NDP stop ignoring these warnings. Further credit downgrades will result in Manitobans paying more interest on debt for years to come which is money that cannot be used to protect and enhance front-line services.
