Close X
    Sunday, November 24, 2024
    ADVT 
    National

    PBO report questions need for stimulus spending

    Darpan News Desk The Canadian Press, 19 Jan, 2022 11:16 AM
    • PBO report questions need for stimulus spending

    OTTAWA - The parliamentary budget officer is questioning whether the federal Liberals need to spend tens of billions in planned stimulus.

    In a report this morning, Yves Giroux says the federal guardrails designed to guide spending decisions appear to have been met, suggesting any stimulus should be wound down before the fiscal year ends in March.

    Giroux says the rationale for the planned stimulus of up to $100 billion no longer exists.

    His report this morning on federal finances also says the government has spent or planned to spend $541.9 billion in new measures, almost one-third of which are not related to COVID-19.

    While the government is projecting a better-than-expected deficit this year, Giroux's office says the actual results may be worse than the $144.5 billion deficit outlined in Finance Minister Chrystia Freeland's budget update in December.

    The Liberals still have some planned spending related to their bevy of campaign promises, which the PBO estimates would amount to $48.5 billion in net new spending over the next five years.

     

    Prev Next

    MORE National ARTICLES

    Military will act quickly on Arbour plan: minister

    Military will act quickly on Arbour plan: minister
    The Liberal government tapped Arbour last April to lead a detailed review and come up with better ways to address sexual assault, harassment and other misconduct in the Canadian Armed Forces.

    Military will act quickly on Arbour plan: minister

    Singh would back Bill 21 court challenge

    Singh would back Bill 21 court challenge
    The NDP leader said Tuesday he always believed the law was discriminatory but has hardened his stance on court action following the case of a teacher in Chelsea, Que., who was reassigned because she wears a hijab.

    Singh would back Bill 21 court challenge

    Liberals ready to release economic update

    Liberals ready to release economic update
    While the Bank of Canada has a mandate to keep inflation in check, the government agreed Monday it plays a role in helping the central bank maintain inflation around its two-per-cent target.

    Liberals ready to release economic update

    Indigenous people more likely to die from opioids

    Indigenous people more likely to die from opioids
    Data from the First Nations Health Authority in British Columbia shows that Indigenous people are five times more likely to experience an overdose and three times more likely to die than other residents. The gap has been further compounded by the COVID-19 pandemic, the authority said.

    Indigenous people more likely to die from opioids

    Unmarked graves news story of the year: CP poll

    Unmarked graves news story of the year: CP poll
    The discovery of unmarked graves at a former residential school in the B.C. Interior and the countrywide awakening it set off have been chosen as Canada’s news story of the year by editors in newsrooms across the country.

    Unmarked graves news story of the year: CP poll

    1,129 COVID19 cases over 3 days

    1,129 COVID19 cases over 3 days
    There are currently 2,949 active cases of COVID-19 in the province, and 217,705 people who tested positive have recovered. Of the active cases, 185 individuals are currently in hospital and 72 are in intensive care. The remaining people are recovering at home in self-isolation.

    1,129 COVID19 cases over 3 days

    PrevNext