And with reason. The government’s Mandate Letter Tracker says that the Liberals’ commitment to balance the budget in 2019-20 and continue to reduce the federal debt-to-GDP ratio is “Underway with challenges.” Many have already remarked that this is a very generous assessment: the debt-GDP ratio increased in 2015-16 and again in 2016-17, and the government has yet to produce a budget projection in which the budget is balanced before 2040. We’re at the point where it’s fair to ask whether or not the Liberals even want to meet their fiscal commitments.
Tuesday, January 16, 2018
LIBERALS' FISCAL MATH ISN'T WORKING
NP: It’s doubtful the Liberals have the political will to sustain five years of grinding austerity to reach a goal that they manifestly believe is unimportant, in order to respect a commitment they probably regret making. If I were them, I wouldn’t want to talk or think too much about budget projections, either.
And with reason. The government’s Mandate Letter Tracker says that the Liberals’ commitment to balance the budget in 2019-20 and continue to reduce the federal debt-to-GDP ratio is “Underway with challenges.” Many have already remarked that this is a very generous assessment: the debt-GDP ratio increased in 2015-16 and again in 2016-17, and the government has yet to produce a budget projection in which the budget is balanced before 2040. We’re at the point where it’s fair to ask whether or not the Liberals even want to meet their fiscal commitments.
And with reason. The government’s Mandate Letter Tracker says that the Liberals’ commitment to balance the budget in 2019-20 and continue to reduce the federal debt-to-GDP ratio is “Underway with challenges.” Many have already remarked that this is a very generous assessment: the debt-GDP ratio increased in 2015-16 and again in 2016-17, and the government has yet to produce a budget projection in which the budget is balanced before 2040. We’re at the point where it’s fair to ask whether or not the Liberals even want to meet their fiscal commitments.
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