Canada’s ‘New Government’ has no interest in arresting our economic decline
The recent Spring Economic Update from the Carney government reveals a lack of substantial action to address Canada's economic decline. Despite some minor improvements in deficit projections, the overall fiscal situation remains dire, with increasing debt levels. The government's targets are less stringent than before, indicating a continuation of the status quo rather than meaningful reform.
- ▪The Carney government announced a $6-billion investment to boost skilled trades.
- ▪The projected deficit for fiscal 2026 is higher than in fiscal 2025, remaining elevated for the coming years.
- ▪Interest on the debt is expected to become the fastest-growing government program, costing over $80 billion by 2026.
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Open this photo in gallery:Prime Minister Mark Carney speaks during an announcement on the Canada Strong Fund in Ottawa on Monday.Justin Tang/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountIf you have been wondering what meaning to attach to that irritating phrase the Carney Liberals use to describe themselves, “Canada’s New Government” – which was irritating enough when it was first employed, under Stephen Harper, when it was actually a new government – wonder no longer. As this Spring Economic Update makes abundantly clear, it means nothing whatever. Or next to nothing.Well, I suppose it depends on whether you are looking at things in static or dynamic terms.
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