Since March 2020, the federal Liberal government has spent or planned to spend $576 billion in new measures — but more than a third, $204.5 billion, of this spending has nothing to do with the COVID-19 pandemic according to an analysis by the Parliamentary Budget Officer (PBO).
In its most recent report released Friday, the PBO took a detailed look at the federal budget and came to the conclusion that Finance officials are painting a rather rosy picture of Canada’s fiscal outlook. It also casts doubt on the government’s capacity to generate additional revenue or reduce government spending to pay for promises going forward.
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