Finance Minister Morneau won’t draw red line on how far feds willing to push deficit
Finance Minister Bill Morneau won’t put a dollar limit on how far he’s willing to push the federal deficit.
In an interview with The West Block‘s
Mercedes Stephenson, Morneau was asked about the ballooning deficit
outlined last week in a fiscal update provided by him about the state of
the economy amid concerns about a potential downturn.
That fiscal
update showed the deficit is on track to deepen by billions of dollars,
with the deficit for this fiscal year projected to be $7 billion higher
than Morneau had promised in the budget earlier this past spring: $26.6
billion compared to $19.8 billion.
All the while, the Liberals are promising to keep spending more money.