The PBO's projections showed that the federal government could increase spending or cut taxes annually by roughly $13-billion, or 0.6-0.7 per cent of the GDP, over the next 37 years and still maintain fiscal sustainability.
A new report from the Officer of the Parliamentary Budget Officer, headed by Jean-Denis Fréchette, pictured, projects that the federal government could increase spending or cut taxes annually by roughly $13 billion dollars, or 0.6-0.7 per cent of the GDP, over the next 37 years and still maintain fiscal sustainability.
The Hill Times photograph by Andrew Meade
Parliament’s fiscal watchdog is giving a major vote of confidence in the Trudeau government’s spending and taxation plans.
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'The government has heard Canadians’ concerns that the world is increasingly uncertain, and that the economy is changing,' the Throne Speech read. 'And in this context, regional needs and differences really matter.'
But a Conservative source is decrying public criticism of Andrew Scheer's leadership, saying it will only create the kind of schisms that will set the party back and that former leader Stephen Harper worked to avoid.