Carney government’s ‘generational investment’ will land squarely on backs of younger Canadians

opinion

Prime Minister Mark Carney has already confirmed that this year’s budget deficit will be larger than last year’s projected $48.3-billion.

Jake Fuss and Grady Munro are fiscal policy analysts at the Fraser Institute.

Despite promising a “very different approach” to fiscal policy during the election, the cracks are clearly showing as the Carney government gears up to release its first budget on Tuesday.

Finance Minister François-Philippe Champagne has said “Canada should be prepared for a generational investment.” This is among many attempts by the government to spin the upcoming budget – which will include high spending, huge deficits and massive debt accumulation – as something different from what we experienced under Justin Trudeau . Make no mistake, similar to the fiscal