Canada budget watchdog doubts Carney can fulfill deficit promise (Bloomberg) — Canada’s budget watchdog is skeptical Prime Minister Mark Carney’s government will fulfill one of its key fiscal pledges The parliamentary budget officer says it’s unlikely deficits will fall as a share of the economy in coming years, suggesting the federal government won’t meet one of the fiscal anchors it outlined in its budget last week On Nov 4, Finance Minister
Carney government needs stronger fiscal anchors and greater . . . The Carney government’s budget establishes two new fiscal anchors: balancing the federal operating budget (which includes spending on day-to-day operations such as government employee compensation) by 2028 29, and maintaining a declining deficit-to-GDP ratio over the years to come, which means gradually reducing the size of the deficit
Carney news: Government has fiscal anchors, PM says OTTAWA — Prime Minister Mark Carney insists his government does have fiscal anchors after the interim parliamentary budget officer raised concerns about government spending
Carney’s fiscal framework means more investment, and debt One, Carney wants the federal government to ramp up investment spending—through debt, not taxes He sees this as a growth strategy, as a way to finance emerging spending pressures like defence and as a key tool to drive an ambitious climate transition agenda
Carney’s next budget will be built on a shaky fiscal foundation Compounding this growing pressure is the fiscal squeeze that faces the Carney government It has cut taxes (including on capital gains, carbon emissions, digital services, and individual earners) and increased spending, particularly on national defence