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chemgear · 11-22-2024, 08:23 PM

I'm sure the new announcement of buying of vote freebies will help the deficit and our ongoing massive interest payments.

https://financialpost.com/news/econo...-guardrail-pbo

Canada’s budgetary watchdog says Justin Trudeau’s government has likely blown past a self-imposed fiscal guardrail, and is warning about the consequences of delaying the release of final spending and revenue numbers.

Yves Giroux, the country’s parliamentary budget officer, expects the federal government ran a deficit of $46.8 billion in 2023-24. That’s deeper than the $40 billion forecast by Finance Minister Chrystia Freeland in the April budget, and would break a key fiscal pledge she’s offered as evidence of her party’s spending discipline.

The government has until the end of the year to provide the numbers, but usually releases them in October, as they did last year. The delay raises questions about whether the numbers are worse than expected, which would add complications for Trudeau as his party struggles to regain traction with the electorate.

11-22-2024, 08:23 PM	#14816
chemgear Franchise Player Join Date: Feb 2010 Exp:	I'm sure the new announcement of buying of vote freebies will help the deficit and our ongoing massive interest payments. https://financialpost.com/news/econo...-guardrail-pbo Canada’s budgetary watchdog says Justin Trudeau’s government has likely blown past a self-imposed fiscal guardrail, and is warning about the consequences of delaying the release of final spending and revenue numbers. Yves Giroux, the country’s parliamentary budget officer, expects the federal government ran a deficit of $46.8 billion in 2023-24. That’s deeper than the $40 billion forecast by Finance Minister Chrystia Freeland in the April budget, and would break a key fiscal pledge she’s offered as evidence of her party’s spending discipline. The government has until the end of the year to provide the numbers, but usually releases them in October, as they did last year. The delay raises questions about whether the numbers are worse than expected, which would add complications for Trudeau as his party struggles to regain traction with the electorate.