Scott Armstrong at the Government Operations and Estimates Committee

On November 24th, 2011. See this statement in context.

November 24th, 2011 / 4:15 p.m.

Conservative

Scott Armstrong Conservative Cumberland—Colchester—Musquodoboit Valley, NS

Okay, thank you.

The second one is somewhat to that and it's probably the same situation. It has to do with the transitional payment to Newfoundland and Labrador as part of the Nova Scotia and Newfoundland and Labrador Additional Fiscal Equalization Offset Payments Act (2005). At about $536.1 million, it's another significant amount.

My guess is because Newfoundland and Labrador is now a “have” province, this is to help ease the burden of the loss of equalization payments? Is that the...?

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