The new shoes are on. Finance Minister Chrystia Freeland lays out her second pandemic budget today, the first since the Liberals got re-elected in fall 2021 and since Prime Minister Justin Trudeau struck a surprise deal with the NDP. Here's what we know:
Thursday. It will be her first since the Liberals got re-elected in fall 2021 and since Prime Minister Justin Trudeau struck a surprise deal with the NDP that promises support in the House of Commons and a three-year runway before the Liberals must head back to voters.Freeland chose Canadian-designed black patent spike-heeled pumps for her new budget day shoes that she hoped would add “height” and convey “power” on budget day. Fiscal power to slay the deficit? Not immediately.
Trudeau made clear the budget will show some fiscal discipline — something business leaders have slammed the federal Liberals for lacking. The prime minister said Wednesday “a declining debt as a proportion of our economy, of the size of our economy, a decreasing debt-to-GDP ratio … remains and that will always remain as one of our core fiscal anchors.
Then there is the Liberal caucus, where there are some internal politics to watch for as well. Freeland, the deputy prime minister, is politically ambitious and may want to shore up her business-friendly credentials with her fellow Liberals as well as the broader business community. More money for health. The Liberals have already announced a one-time infusion of $2 billion to help provinces tackle surgical backlogs caused by the COVID-19 pandemic . And there is more to come, possibly to meet the Liberal promise to give $3.2 billion to the provinces and territories for the hiring of 7,500 new family doctors, nurses, and nurse practitioners.
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