The Newfoundland and Labrador government is reminding Quebec about the importance of being a good neighbour.
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Finance Minister Cathy Bennett said Thursday she was disappointed Quebec asked the federal government to not extend a loan guarantee for her province’s Muskrat Falls hydroelectric project.
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Bennett said Quebec just announced it would post a surplus of $2.2 billion the 2015-16 fiscal year while at the same time receiving $10 billion in equalization payments.
READ MORE: Quebec politicians disappointed with federal budget
Newfoundland’s finance minister tells reporters her province will face a $1.6-billion shortfall this fiscal year and is scheduled to receive nothing in equalization.
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She said Quebec should take into account Canadian values in its relations with its neighbours in Confederation.
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Newfoundland and Labrador’s Muskrat Falls project has seen its cost estimate increase to $11 billion from the initially projected $7.4 billion.
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