A soft\u002Dlanding scenario of sluggish but positive growth over the next two years will be the anchor that pins the new fiscal plan. Read on.
These include spending commitments to keep their junior governing partners, the New Democratic Party, supporting the minority government, as well as addressing the national imperative of matching generous climate transition incentives being dished out by the Biden administration south of the border.
The fiscal track Freeland laid out in November projected deficits of about one per cent of gross domestic product over the next couple of years with balance in sight within five years. It’s a respectable position. The federal government’s coffers have not only been helped by inflation-driven increases in nominal income, but its share of revenue from the overall economy has also risen in recent years.
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