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Old 03-28-2023, 04:10 PM   #5696
CaptainCrunch
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Overall a concerning budget.

A 40 billion dollar deficit which is higher then projected, and now the promise to returned to a balanced budget in 4 years is gone.

Revenues are up as the Government increases taxation, so they increased their spending.

Just choosing an entire segment with the name clean attached to it for a ton of subsidies doesn't fill me with security of the revenues that will ever come in from the clean energy segment. Also the disturbing thing is if a company wants to take advantage of these green subsidies they have to pay the prevailing union wages. So the subsidies will go to labor costs more then emissions reduction. And who in the application process decides on the wages?

The dental plan is a expensive sop to the NDP and isn't an investment its just spending in anything and in a normal budget could be covered by the increase in revenues for this year.

The Grocery rebate which works out to $20 month for singles and seniors and about $40 bucks a month for families is really not going to make that much of a difference with increases to food prices caused by the entry of the clean fuel standard and increase in the carbon tax and increase in other taxes. Very little to nothing was done in terms of housing except for backing off some foreign investment criteria

I was happy to see money for the opiod crisis as well as an increase in health care transfers. Those were necessary

But no matter what this budget could be described as high tax high spending high subsidies(in one segment) with the concept of a fiscal anchor going right out the window as the debt grows faster then the economy.
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Last edited by CaptainCrunch; 03-28-2023 at 04:12 PM.
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