Fall Economic Statement – Balancing the Budget

This afternoon, Finance Minister Bill Morneau will deliver the government’s Fall Economic Statement.

Justin Trudeau broke his promise to only run small deficits of $10 billion/year, and to balance the budget by 2019. In this year’s federal budget, Morneau projected a shortfall of $18.1 billion for 2018-19.

Yesterday, the Trudeau Liberals voted against a Conservative motion calling on the government to tell Canadians in what year the budget will be balanced.

This vote reinforces that the government has no plan to balance the budget and that Justin Trudeau does not care about Canadians’ money.

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Today, when the Liberals table their Fall Economic Statement, only one thing really matters.  Justin Trudeau needs to tell Canadians when he will balance the budget.  Future generations shouldn’t be on the hook for his reckless spending.

You don’t need to be an economist to understand that more debt today means higher taxes tomorrow.  Canadians know it’s wrong to leave their kids with an unpaid credit card bill.  But that’s exactly what Justin Trudeau is doing.