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.
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Gerald Butts has removed himself from the daily political grind of strategizing how to keep the Liberals in power. But observers say it's unlikely he will be consigned to watch the campaign unfold from the sidelines.
SNC-Lavalin risks a takeover if it's convicted. But aside from likely outrage in Quebec, Ottawa can find other builders for its infrastructure plans if the company is banned from bidding on federal contracts, experts say
The Quebec company had extensive access to government ministers and top staffers, and was the only organization registered to lobby for allowing deferred prosecution agreements for white collar crimes.