The Hill Times
Most of the attention on last month’s fall economic statement centred on the bombshell resignation of then-finance minister Chrystia Freeland but—as the political turmoil sparked by her departure continues to unravel—serious questions remain about how and why the government missed its deficit target, adding to a pattern of the Liberals failing to maintain fiscal anchors since coming to power in 2015.
“So maybe these are not just one-time events, if they are recurring and reappearing every year … Maybe it's rather a policy direction that the government is taking.” ‘A lack of discipline’ Keeping the deficit to $40-billion was one of three key fiscal anchors laid out by Freeland in April 2024, along with commitments to maintain a declining debt- and deficit-to-GDP ratio. The other two budget commitments were maintained by narrow margins.
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