December 1, 2015 - 13:33 — Timothy Gillespie
The Parliamentary Budget Officer is challenging the Liberal government’s assessment of federal finances, warning that returning to surplus will be more difficult than Ottawa suggests.
The PBO’s latest report takes a critical look at Finance Minister Bill Morneau’s Nov. 20 fiscal update, which simply recalculated the previous government’s budget projections based on the latest available spending and economic data.
The fiscal update did not include promises from the Liberal platform, which will lead to deeper deficits over the coming three years.
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