PBO report questions need for Liberals' planned stimulus spending

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The rationale for the planned stimulus of up to $100 billion no longer exists, said Parliamentary Budget Officer Giroux

Budget officer Yves Giroux’s report released Wednesday morning said those benchmarks, largely tied to the labour market, appear to have been met. He said that suggests any stimulus should be wound down before the fiscal year ends in March.

“We’re going to continue to make sure that we are keeping Canada’s balanced books healthy, while at the same time being there to support Canadians,” Trudeau said. Conservative finance critic Pierre Poilievre told reporters Wednesday that he wanted to see the Liberals roll back spending and not forge ahead with stimulus seen in countries like the United States.Article content

Robert Asselin, senior vice-president of policy with the Business Council of Canada, said inflation readings are a warning for the government against pursuing aggressive, short-term spending plans. Giroux’s office estimated that remaining spending related to the Liberals’ campaign platform would amount to $48.5 billion over the same stretch.

 

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