Federal finances to go deeper into red; $14-billion in support for business in face of U.S. tax cuts, fall update shows
By Jolson Lim Nov. 21, 2018
A major spending add were costs for the federal carbon-pricing plan, totaling more than $1.5-billion between now and 2022, though the fall update stated that such figures are likely to be lower due to accounting revisions and the fact that revenues from fuel charges are to be returned to the provinces where the federal backstop applies.
Projections on annual deficits between 2019-20 and 2022-23 will be between $600-million and $1.9-billion higher than forecasted in last February’s budget, according to Finance Minister Bill Morneau's fall economic update. The Hill Times file photograph by Andrew Meade
The Liberal government is forecasting bigger deficits in the near future as the country heads closer to an election in which big government spending is expected to be a hot-button issue.
People. Policy. Politics. This is an exclusive subscriber-only story.
CanCon Contributions & Quotas In a Digital Age As part of Heritage Canada’s review of Canadian content in a digital age, various parties are proposing changes to how digital services are regulated and taxed. Get the book
Rural Broadband: The challenges and potential solutions A guide to the problems, work done so far, the key players, and what needs to be done to get all Canadians access to broadband. Get the book
Related Policy Briefings
Economy & Regional Development Short and informative analyses on policy challenges that bring background and recommendations to policymakers, journalists and the general public.