Like a garden gnome wearing 4″ heels.
An “outsized pace of spending” means Canada is on course to run a budget shortfall of about $47 billion for the fiscal year that ends March 31, according to estimates released Thursday by Desjardins.
The projection raises more questions about how Finance Minister Chrystia Freeland will meet her pledge to keep the country’s budget shortfall at around $40 billion a year from now until 2026.
“I think it’s going to be an exercise in creative accounting,” Randall Bartlett, Desjardins’ senior director of Canadian economics, who wrote the research note, said in an interview. “They either need to cut spending or increase revenues to make this work.”
A chorus of analysts and economists is warning that without tax increases or spending reductions, deficits are likely to rise amid slow economic growth.
A diversity hire working for an economic illiterate and Marxist creep can not be expected to either know what she is doing or do anything but follow the whims of her Fuhrer.
At least they gave Ukraine a way to try and balance it’s budget………
“Friday’s announcement brings Canada’s total committed support to Ukraine to more than $9.5 billion since the beginning of 2022” – Published Sep 22, 2023
https://nationalpost.com/news/canada/what-canada-is-pledging-for-ukraine
And climbing………..
Those are announced dollar values. Two thirds of which will be delivered in the future.
Deficits don’t matter to those believing in Magical Monetary Theory. Those people include all socialists, liberals, greenies, CINOs, Marxists, etc, etc. Blackie and his minions don’t give a flying FCK about their irresponsible financial habits, those are problems for “other people”.
“My job is not to be popular!” LOL, what a degenerate liar.
It appears that all these governments are on a one track path to financial bankruptcy, led by the Uniparty government of the US, all others follow the lead.
After all, governments, thru the banks, can seize your assets by declaring a “bank holiday”.
Let’s not forget the Harper era bank buy-in policy which allows the banks to take your money and give you stock in their failing institution.
Her regime has spent us into poverty, is anyone in Trudy’s orbit capable of good fiscal policies?
Divide that $47 billion by the population of privately employed Canadians. That’s the debt per person added just this year.
YIKES!!
$3000 each?
These morons believed in Modern Monetary Theory, an idiot illogical construct from economists in France. Gerald Butts was/is a big believer, and he has left a debris field wherever he has had sway. These microbial idiots don’t even realize that it could really only apply in the US and France/Germany if it worked, which of course, it doesn’t. Debt service is what will drive Canada’s deficit going forward, absent new Librano vote buying schemes, which will happen as election time comes round. Each month interest rates remain where they are, the problem compounds, as the new deficit must be financed, and old lower rate debt refinanced. It’s a spiral, and this corrupt shithole is circling the drain.
Canada is suffering a Budget Warming crisis.
Debt is treason.
Are you legally able to “bequeath” your private debts to your grandchildren?
Against their will,without them cosigning any debt?
Not bloody likely.
Yet this is our progressive comrades approach to public spending..
And Canadians have supported these fools and bandits for 6 decades.
I’m going to run that question past my estates lawyer. He’s F. Scott FitzGerald’s cousin, B. Queath FitzGerald.
We all know that the government will use Government Acceptable Accounting Practices, which would get any private sector accountant using them thrown in jail for fraud.
Behold, Perogie Gnome Wisdom:
https://youtu.be/6zRGB25_49Q?si=bWuHd9bZUyIkC1M5
Tad subjective as her heaven would undoubtedly be my hell
What? The Liberal government is running a deficit? And their estimate of the deficit they’re running is much lower than the actual deficit? Since when?
On the bright side, the deficit a few year ago was $300 billion so a $47 billion deficit is “basically zero” in a Liberal math class.
When dealing with finance, perhaps it’s better to have an economist rather than a socialist.
Many economists are fckn socialists.
She was a journalist. A socialist journalist.
Some interesting background here, re bank policies, interest, etc.:
https://fournier.substack.com/p/how-the-public-bank-of-canada-was
Why isn’t she drug tested?
I wouldn’t let any of these morons look after my bicycle let alone the country. Canadians that vote for any of these dipcraps should have their citizenship revoked.
One Prime Minister Justin Trudeau in his time —–has left Canada Bankrupt with no possible chance of recovery!
And Freeland and his clowns have turned Canada into a banana republic! And we in the WEST stay in this disaster where he is proposing to arrest our Premier!
Free The West!
Well that would be another reason why she’s so entrenched about not stopping the increase in the carbon tax.
People with an IQ of a slug. Good grief what country.