Liberals' fiscal snapshot predicts $343 billion deficit as Morneau offers little intention to curb spending.
OTTAWA — The federal government expects to post a $343-billion deficit in 2021 as COVID-19 spending continues to mount, outpacing earlier estimates and reinforcing the depths of Ottawa's weakened fiscal position.
In his fiscal update on Wednesday, Finance Minister Bill Morneau indicated that total government spending would balloon to $612 billion by 2021, nearly double the $346 billion spent in 2019. The swollen deficit is largely a result of higher projected spending under Ottawa's two key COVID-19 financial aid programs, the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Response Benefit (CERB), which have been repeatedly extended and expanded in recent months.
As oong as CERB become permanent. Canada is avery wealthy country we can afford it.
As long as the CERB is permanent. Typo fixed!
guess who were borrowing the money for CERB from, China its the only country with money, of course we can always tell them Fuck You and not pay it back
Quote from: Guest post_id=370421 time=1594246969
guess who were borrowing the money for CERB from, China its the only country with money, of course we can always tell them Fuck You and not pay it back
Bingo, problem solved. Make CERB permanent!
We already have Indians. We cannot afford alcoholic white Indians like Mel too.
It is a free country so every Canadian can spend their CERB however they wish. I save and invest my CERB for a rainy day. I wish CERB was permanent and at least $3,000 per month.