{"id":6647,"date":"2024-03-27T13:46:41","date_gmt":"2024-03-27T16:46:41","guid":{"rendered":"https:\/\/nnpress.ca\/?p=6647"},"modified":"2024-03-27T13:46:42","modified_gmt":"2024-03-27T16:46:42","slug":"government-to-writeoff-millions-in-uncollectable-debt","status":"publish","type":"post","link":"https:\/\/nnpress.ca\/index.php\/2024\/03\/27\/government-to-writeoff-millions-in-uncollectable-debt\/","title":{"rendered":"Government to Writeoff Millions in Uncollectable Debt."},"content":{"rendered":"\n<p>The provincial government is writing off $11.6 million in uncollectable debts, mainly unpaid fines, loans and fees from previous years.<\/p>\n\n\n\n<p>\u201cRemoving debts unlikely to be paid is a standard accounting practice that keeps the government\u2019s financial statements accurate. Although a debt is written off, efforts to collect the funds continue,\u201d said Finance and Treasury Board Minister Allan MacMaster.<\/p>\n\n\n\n<p>The debts \u2013 from past fiscal years up to March 31, 2023 \u2013 were written off after a series of collection efforts and a review that determined they are unlikely to be paid.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Quick Facts:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>this accounting process follows public sector accounting standards and Nova Scotia\u2019s Finance Act<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Additional Resources:<\/strong><\/h4>\n\n\n\n<p>A summary of writeoffs by department is available at:\u00a0<a href=\"https:\/\/beta.novascotia.ca\/documents\/summary-departmental-write-offs-2023-2024\">https:\/\/beta.novascotia.ca\/documents\/summary-departmental-write-offs-2023-2024<\/a><\/p>\n\n\n\n<p>Source : Provincial Release <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The provincial government is writing off $11.6 million in uncollectable debts, mainly unpaid fines, loans and fees from previous years.<\/p>\n","protected":false},"author":1,"featured_media":6648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[6,10,12,13,18],"tags":[],"class_list":["post-6647","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-general","category-latest","category-news","category-top-stories"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/posts\/6647","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/comments?post=6647"}],"version-history":[{"count":1,"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/posts\/6647\/revisions"}],"predecessor-version":[{"id":6649,"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/posts\/6647\/revisions\/6649"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/media\/6648"}],"wp:attachment":[{"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/media?parent=6647"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/categories?post=6647"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nnpress.ca\/index.php\/wp-json\/wp\/v2\/tags?post=6647"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}