Budget 2024

Tax and spend fiscal plan will inhibit growth

In anticipation of the federal government’s Fall Economic Statement, Robert Asselin outlines the importance of economic growth and reducing inflation to address a challenging fiscal landscape

 ”We have debt servicing costs that are much higher than they were just a few months ago, which means that every dollar the government spends servicing the debt, does less to fund anything else. So going into the update, this is a very challenging picture for the government.” 

“It looks like they want to frame this around housing, which is a distraction, I think, from the fiscal picture.” 

“I really do think that the best thing they could do in the short term is not add fuel to inflation,”