The Liberals’ second chance for budget boldness
Prime Minister Mark Carney has a new opportunity to implement bold fiscal measures with his majority government. The previous budget was criticized for being incremental rather than transformational, failing to break away from past spending habits. The upcoming fiscal update is seen as a chance to rejuvenate the economy and address long-term fiscal challenges.
- ▪The Carney government's first budget was considered a missed opportunity for significant reform.
- ▪With a majority government, Carney has the chance to take bold actions in the upcoming fiscal update.
- ▪Current projections indicate larger deficits than those under the previous Trudeau government.
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Open this photo in gallery:With his new majority government, Prime Minister Mark Carney has a second chance with the fiscal update to take the kind of bold action needed to rejuvenate the economy and bolster national sovereignty.Edgar Su/ReutersShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountThe Carney government’s first budget was, despite the lofty rhetoric preceding it, a missed opportunity. Rather than transformational, it was at best incremental. Rather than breaking with the spendthrift ways of the Trudeau government, it cemented those bad habits.
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