Finance Minister Chrystia Freeland has set Dec. 14 as the release date for a fall fiscal update, which will be the first formal revision of the federal government’s economic forecast since the April budget.
The Liberal government is facing increasing criticism over financial transparency, given that it has yet to release the public accounts for the previous fiscal year that would provide a detailed breakdown of how Ottawa spent about $600-billion during the height of the COVID-19 pandemic. The finance minister announced the date for a fiscal update Thursday in the House of Commons, during a question period in which Conservative Leader Erin O’Toole said the government is not being fiscally transparent and is not doing enough to curb inflation.Ms. Freeland shot back by accusing the Conservatives of failing to understand the distinction between monetary policy - which is managed by the Bank of Canada - and the fiscal policy measures overseen by her department. She also accused Mr.
The federal government’s April budget estimated the size of last year’s deficit at $354.2-billion and projected the deficit for the current fiscal year, which ends on March 31, 2022, would be $154.7-billion.- including chief economists with Canada’s largest banks - to discuss economic trends ahead of the fall fiscal update.
Folks: Ministers have no influence over Inflation Please become readers & learn it is the BankOfCanada who impact inflation. World events, global pandemic, labour shortages, supply chain mess are contributing. Can someone tell this 2 the bloody Conservatives ? FreelandRocks