A Moment of Truth
So, next Tuesday, federal Finance Minister Bill Morneau will announce the new Liberal government’s first budget. What should the PSE community expect? Well, it’s going to be a deficit budget, we know that much. Underlying weakness in the economy means that tax receipts are lower than expected, and the projection for a balanced budget in 2016-2017 that the Tories presented last year has now turned into a $12 billion deficit, even before an extra dollar was spent. They’ll inflate that