Dollars and SenseNationalNews
Canada Is $53 Billion in the Red
Source: Jim Stanford Special to Global News
Before we’d ever heard of COVID, there was a time when the first question asked of any Finance Minister delivering their budget was always: “Is it balanced?” Those days are long gone, and the pandemic is a big reason why.
Federal Finance Minister Chrystia Freeland delivered her 2022-23 budget this week, with a bottom line that is $53 billion in the red. Once upon a time that would have been considered a big deficit, but no longer. Very few of the questions she faced in the post-budget scrum had anything to do with the deficit.
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