NL

Liberals far from the red when it comes to finances

The province's Liberal Party raked in far more money than any other party in 2014, while the PC Party suffered a steep financial decline.
The Liberal party came out in the best financial shape for 2014, according to an Elections NL report. (CBC )

The Liberal Party of Newfoundland and Labrador raked in far more money than any other provincial party in 2014, while the PC Party suffered a steep financial decline, according to year-end report from Elections NL.

The report states political contributions to the Liberals for 2014 added up to $615,417.

The PC Party lagged far behind, with $174,310, while the NDP were not far behind that, with $106,524.

Switching places

The Liberals' overall income, at $783,140, similarly outstripped the competition, and even its own earnings from the year before, when the party collected $302,035.

The PC Party's totals show almost an exact reversal, with a total income in 2014 of $315,708, compared to $756,088 in 2013.

The NDP remained fairly constant over the two year span, with a 2014 income of $146,891, and $114,364 in 2013.

Deep in debt

When it comes to spending in 2014, both the PCs and the NDP sank into the red, with the PC's running a deficit of $462,457.

The NDP's deficit was $21,772.

With $488,170 in expenses, the Liberals managed to stay in the black in 2014, with an excess of $294,970 in its bank account. 

In 2013, the Liberals ran a deficit of $34, 659.