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Putting off defence acquisitions cuts $1-billion from federal deficit: Page

By Tim Naumetz      

Liberals table 'significant budget,' says former parliamentary budget officer Kevin Page, but fiscal details lacking, including how the government will get to a balanced budget. 'It could be better in transparency,' he says.

Former parliamentary budget officer Kevin Page and Finance Minister Bill Morneau. Mr. Page says the budget tabled on March 22 had 'a lot of positives. I think on the other side of it, it’s kind of a budget without a fiscal plan.' The Hill Times photographs by Jake Wright
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The government’s decision to shift funding for $3.7-billion worth of large-scale defence acquisitions until after 2020 reduced next year’s projected deficit by $1-billion and by similar annual amounts until the projects go ahead, according to fine print in the budget Finance Minister Bill Morneau tabled on Tuesday. Former parliamentary budget officer Kevin Page confirmed the funding shift—called a “reallocation” of planned funding not yet allocated to specific acquisition projects or funding that cannot be spent due to unforeseen

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