Deficits To Worsen

https://www.spencerfernando.com/2018/10/23/deficits-to-worsen/

MoneySpencerFernandoOctober 23, 20180

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Budget still not balancing itself.

In a ‘revelation’ that will surprise nobody, it turns out the budget isn’t balancing itself.
In fact, the deficits are getting even worse than the government predicted.

According to the Parliamentary Budget Officer, the budget deficit will be “between $500 million and $2.8 billion bigger than the government’s predictions. It anticipates deficits of $21.3 billion in 2019-20, $17.4 billion in 2020-21 and $14.8 billion in 2021-22.”

That’s a far cry from a budget that was supposed to be balanced in 2019.
It’s one of many broken promises from Trudeau, among which is the ‘revenue neutral’ carbon tax that isn’t revenue neutral at all.
Trudeau’s time in office has been one lie after another. This isn’t the first, and it won’t be the last.
Spencer Fernando