Geopolitical risks puts economy at risk.
The Liberals cut back on some of their many campaign promises last fall and will not meet NATO’s defence targets in order to provide a declining debt-to-GDP ratio.
Since last fall, the government announced $1.3 billion in new policies; the budget adds $7.4 billion mostly in promises related to housing, reconciliation, and climate change. Taxing big banks, as promised, will also bring in an additional $2 billion just this year. The other scenario, assuming there is a rapid de-escalation of tensions in Ukraine with little supply disruptions from the conflict and the pandemic, presents a rosier picture, with a starker declining debt-to-GDP ratio and reduced deficits in the years to come.
“Provinces won’t be happy,” commented Genevieve Tellier, a professor specialized in public finance at the University of Ottawa. “There’s nothing in terms of health transfers,” she added. Freeland appeared in the House of Commons to present her budget on Thursday, wearing a bright blue dress which, apparently, is not an indication of her support for Conservative style budgets but rather an indication of her support for the Ukrainian people.Article content
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
What to expect in the 2022 federal budgetFinance Minister Chrystia Freeland will present the 2022 federal budget later today. Kevin Carmichael explains what you need to know.
Weiterlesen »
LIVE: President Biden signs into law the Postal Service Reform Act of 2022 — 4/6/2022President Biden signs into law the Postal Service Reform Act of 2022, which addresses the finances and operations of the U.S. Postal Service (USPS).The act w...
Weiterlesen »
First drive: 2022 Genesis GV60 prototype UK review | AutocarCan plush electric crossover emulate the success of its Hyundai and Kia siblings?
Weiterlesen »
El Salvador president Nayib Bukele cancels Bitcoin 2022 appearanceEl Salvador's president Nayib Bukele canceled his April 7 appearance at the Bitcoin 2022 conference in Miami, citing 'unforeseen circumstances' in his home country.
Weiterlesen »
Kanye West Replaced By Swedish House Mafia And The Weeknd At Coachella 2022Swedish House Mafia and The Weeknd are replacing Kanye West as the Sunday night headliners of the 2022 Coachella Valley Music and Arts Festival.
Weiterlesen »
6 Exciting New Things to Look for at Nationals Park 2022 SeasonNew concessions, sportsbook betting, mobile ordering services, and more.
Weiterlesen »