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Tuesday, April 23, 2024

Liberal budget fails the confidence test: fiscal policy, taxes and economic growth are getting worse - Toronto Star

Instilling confidence in the Canadian economy is the top priority for any Finance Minister. This isn’t accomplished through daily announcements, but with sound and thoughtful public policy. Regrettably, this week’s federal budget fails the confidence test.

On fiscal policy, taxes, and economic growth, the budget plan presented by Chrystia Freeland last week represents a significant deterioration from where we were prior to the budget. And to be clear, we were already in a bad spot. For the last six quarters, our GDP per capita has been trending down. Our productivity numbers keep getting worse.

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Liberal budget fails the confidence test: fiscal policy, taxes and economic growth are getting worse - Toronto Star
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