Liberals under pressure to balance competing asks in budget and economic update

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The Trudeau Liberals are set to unveil an update on the health of federal finances and its outlook for the economy while facing competing demands on benefits, taxes and economic growth.

It's a tall order for a document that the Finance Department has signalled won't include a bevvy of new spending items.

Inflation rates that have hit 18-year highs, along with strong growth in employment and the domestic economy, could cause the government to ease up on its platform spending plans, said Stephen Brown, senior Canada economist with Capital Economics. Finance Minister Chrystia Freeland suggested this week that the document would give an outlook on the path of this year's deficit, and an accounting of new aid proposals that the government estimated to cost $7.4 billion.

She also suggested the government could use the document to outline its proposed changes to the employment insurance system, whose long-known shortcomings were exposed by the pandemic.

 

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Sure agree with this and up date on actual budget amount owed by Canada!

Budget balancing does this entitled group know how to do that I mean the literally lost millions in infrastructure that they cant find & millions more in public funds unaccounted for..no expect but if I misplace a $ at my job I could get fired js

In what world do you think you are still a news organization?

But I thought it would balance itself? Next three generations will pay the debt, it's all good😔

Liberal and balance should never be used together.

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