November 2015

PAUL MARTIN: THE IDOL OF FISCAL CONSERVATIVES

Recently Brian Crowley published two articles in the Globe and Mail arguing that deficits “don’t promote economic growth” and “stimulus proponents disregard dangers of deficits at their peril”. Fortunately, in the last election, the majority of Canadians didn’t agree with him. They elected a government that is prepared to invest in the future and run deficits.

 

 

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ADVICE FOR THE MINISTER OF FINANCE

Last Friday, you presented your first Update of Economic and Fiscal Projections.  Not surprisingly, the outlook has worsened since the April 2015 Budget. During the election, you based your platform on the 2015 Budget projections, adjusted using a July PBO report. That adjusted forecast projected a surplus of $7.2 billion in 2019-20, allowing you to claim a balanced budget in 2019-20, after incorporating the net impact of your election promises.

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Fiscal Monitor for April – September: Coming Into Line

 

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LETTER TO THE HONOURABLE SCOTT BRISON

The Honourable Scott Brison

President of the Treasury Board

Government of Canada

House of Commons

Ottawa Ontario K1A 0A6

 

Dear Minister

Congratulations on your re-election to the House of Commons and your appointment as President of the Treasury Board.  We welcome your appointment to this key Cabinet position and are confident you will serve it well.  

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ADVICE TO THE MINISTER OF FINANCE; STOP BEING A CONSERVATIVE

 

The Parliamentary Budget Officer (PBO) has handed the new Liberal Government its first bit of bad news.  In his latest Economic and Fiscal Update, the PBO is forecasting deficits of about $4 billion a year to 2020-21. His latest Update does not include the cost of the Liberals’ election promises.

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Fiscal Monitor for April – August 2015: Coming Into Line

 

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