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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'You don't stop trying to find ways of resolving differences in opinion, but I do think in this day and age you need a whole range of ways of expressing concern and trying to move opinion,' says Bob Rae.
Government House Leader Pablo Rodriguez dodged questions if the government was responsible for setting the stage for a stand-off that could trigger an election, saying the question should be asked of the Conservatives.
Global Brief magazine editor Irvin Studin says politicians and policy-makers' thinking is 'too small, it’s too linear, it’s too path dependent, and it looks increasingly absurd as these systemic crises.'
Parliamentary Budget Officer Yves Giroux says he's found it 'much more difficult to get information out of the minister’s officer' since Parliament returned with Chrystia Freeland in charge of the nation's finances.