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Liberals’ fiscal direction ‘sustainable’ debt could be gone, in 50 years: PBO
By Derek Abma Apr. 25, 2016
Carleton professor Ian Lee says this prediction should be taken ‘with a giant barrel of salt.'
Assistant PBO Mostafa Askari, left, says the federal budget, as announced by Finance Minister Bill Morneau in March, sets the stage for the elimination of the federal debt within 50 years. The Hill Times photographs by Jake Wright
The Parliamentary Budget Office has judged the Liberal government’s fiscal direction as being sustainable with the prediction that it’s on track to wipe out the federal debt, within 50 years. The PBO issued a new economic and fiscal outlook last week. It included the projection that the fiscal structure set up in Prime Minister Justin Trudeau’s (Papineau, Que.) first budget, released March 22, puts the government on track to completely wipe out the federal debt by the 2064-65
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