Fiscal Monitor for February 2018


The federal government posted a budgetary surplus of $2.8 billion in February 2018, compared to surplus of $1.3 billion in February 2017.

Read More

Fiscal Monitor for April – May 2017: A Small Surplus That Is Not Expected to Last


For the first two months of fiscal year 2017-18, the federal government posted a surplus of $68 million, compared to a surplus of $114 million from the same period in 2016-17. The slight deterioration in the surplus was largely attributable to a 28.3% year-over-year increase in the Canada Child Benefit, reflecting the 2016 Budget measures, which came into effect in July 2016.

Read More

Federal “Market Debt” First Exceeded $1 Trillion Six Years Ago Under the Harper Government

 

The print and TV media recently picked up on a statement in the 2018 Budget that the federal government’s “market” debt would exceed $1 trillion.  They reported this as the tipping point for federal finances, as if the government had hit the proverbial “fiscal wall”.

Read More

Fiscal Monitor for December 2017

 

 

Among the documents released on budget day was the Fiscal Monitor for December 2017. The federal government posted a budgetary surplus of $565 million in December 2017, compared to deficit of $1.3 billion in December 2016.

Read More

THE 2018 BUDGET GETS HIGH MARKS FOR FISCAL CREDIBILITY

 

Most economists who follow federal budgets probably didn’t think much of Mr. Morneau’s recent budget. In their view, there is too much new spending; spending on government operations is growing too fast; and, there is no commitment to deficit elimination.  They would probably give the budget a failing grade in judging its overall fiscal credibility. In a poll conducted the Forum Research Inc. 36% of the respondents said the budget was bad for the economy.

Read More

Deficit for 2017-18 Could Be Lower than That in 2016-17 or Not

The federal government posted a budgetary deficit of $2.8 billion in November 2017, compared to deficit of $3.3 billion in November 2016.

Read More