Victor Boudreau is not just the Finance Minister, he is essentially the Chief Financial Officer for New Brunswick. Many might not realize but in addition to being Finance Minister, Boudreau is also in charge of several other government organizations such as NB Liquor, NB Investment Management Corporation, and the Regional Development Corporation.
Almost all of them are being investigated (or criticized) by the A-G.
The NB Investment Management Corporation, which looks after all the province's pension funds, was investigated last year. The A-G had to make several recommendations to the government about setting targets and disclosing information about incentives for employees.
A follow-up by the A-G's Office on the Regional Development Corporation noted they were still not providing evaluation reports on their programs and funding - something that has been a hot potato for Minister Boudreau lately. He had a recent disastrous meeting with the Editorial Board of the telegraph-Journal in which he admitted the problem and also admitted he doesn't know how to fix it.
Recently, the Conservative Opposition requested that the government ask the A-G investigate the very strange pricing practices at NB Liquor - where they apparently asked their wine suppliers to jack up the price so NB Liquor could make more money. How many stores do you know that would ask their suppliers to charge more so they can pass on the inflation to their customers?
Finally, when the Liberals tabled their budget this year they announced a massive deficit of over $700 million dollars, but then Boudreau said they just weren't going to count the $300 million they owe to the pension funds. (Here's an idea - next time your mortgage payment is due - try going to the bank and telling them you aren't counting your house payments as part of your expenses anymore.)
Once again, the A-G had to investigate and set the record state - the deficits that the Liberals are planning on running for the next four years are even worse than they are admitting to people.
How much confidence can anyone have in a Finance Minister who has every single one of his departments and agencies under a cloud of suspicion? Maybe Victor Boudreau's plan for stimulating the economy based on giving the Auditor General's office lots of work to do?
No comments:
Post a Comment