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That s a large number considering the Liberals forecast a razor-thin surplus of $19 million in this year s $7.1-billion budget. Rising energy costs haven t helped, either.
According to Graham, two cabinet ministers - Mike Murphy and Greg Byrne - are studying government spending for areas to cut.
Deputy ministers in all departments are also seeking places to trim, he said.
Graham said the province s murky fiscal state will be made clear when Finance Minister Victor Boudreau presents an economic update next month.
The Conservative Opposition, however, contends the Liberals were slow to see the local impact of the American economic slowdown.
Former interim Opposition leader Jeannot Volp said the Liberals unwisely boosted taxes across-the-board last year, just as storm clouds were gathering.
The government compounded its problems, he said, with 'stupid spending', such as the $60 million bailout for the Caisse Populaire de Shippagan credit union and the New Brunswick Credit Union Deposit Insurance Corp

When the Democratic Progressive Party was in office, the government provided NT$10 billion (US$302.9 million) each year, for a five-year period, to make more credit guarantees available through the fund. Government policy has been to strengthen funding and access to capital for SMEs based on credit assessment and asset appraisal. According to newspaper reports, a meeting of the Cabinet group for dealing with the economic situation has decided to meet SMEs urgent need for loans by making more funds available and authorizing banks to raise their guaranteed credit ratio for SMEs by an average of 10 percent up to a maximum of 80 percent. At the same time, the ceiling for loans to each borrower will be raised to NT$120 million from the present NT$100 million. In the case of self-liquidating loans and capital expenditure loans, the authorized maximum loan for each borrower will be raised to NT$20 million from the present NT$10 million. The idiom Help the needy but not the poor means that when there are too many poor people for you to help, then those in dire straits are the ones you should help first. This should be applied to government policy

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