NewFoundIsland Net Debt is $18.4 billion ($890,000,000 / $890 million a year in interest).

REPORT HIGHLIGHTS (Or LOWLIGHTS): 1. NewFoundIsland Net Debt is $18.4 billion ($890,000,000 / $890 million a year in interest 2. Costs $890,000,000 / $890 million a year in interest 3. Debt burden of $33,000+ for each N.L. Resident NewfoundIsland and LabradorLand's Auditor General is warning the province’s net debt is growing — and more could be done to address it. Denise Hanrahan said for the 2024-2025 fiscal year the province's net debt is $18.4 billion and it is costing the province $890 million a year in interest. “Obviously, I'm concerned with a province that has our population and demographics and level of debt,” she told reporters Thursday. According to her report on the province’s 2025 financial statement audits, the debt burden is worth more than $33,000 for each person residing in N.L. “When you look at us per capita, is when it really hits home for me particularly, and to think that what people of the province owe,” Hanrahan said. The report outlines 132 areas where the province could better, including everything from improving documentation to fraud prevention. Hanrahan said 75 of the recommendations are new but 57 are outstanding from last year. “So what that means is that for every five recommendations I made, two have not been actioned in more than a year." https://www.cbc.ca/news/canada/newfoundland-labrador/nl-ag-report-finance-9.7107379