Saturday, February 11, 2017

AND IF YOU BELIEVE THAT,...

A government report showing Ottawa faces decades of deficits was kept under wraps for two and half months before it was quietly released online two days before Christmas.  Daniel Lauzon, a spokesman for Finance Minister Morneau, said Tuesday that he took “exception” to The Globe’s questions about why the long-term forecast was removed from the update. He said that due to the volatility of economic forecasts, the decision was made to release the long-term estimates at the end of the year so as not to “create confusion” by releasing them as part of the update.  Releasing the long-term forecast on the same day would have meant taking a communications risk that the government’s infrastructure announcements would be overshadowed by media attention on the new deficit forecasts, which showed Ottawa is on track to run deficits until the 2050s.

No comments:

Post a Comment