In mandate letter, PM tells Freeland to spend on temporary measures until crisis ends

Article Link:

Emergency spending to deal with the COVID-19 crisis must not outlast the pain it’s meant to salve, Prime Minister Justin Trudeau has instructed Finance Minister Chrystia Freeland in a newly released mandate letter. The letter has Trudeau tell Freeland, who also serves as his deputy prime minister, that she should use “whatever fiscal firepower” is needed over the coming weeks and months until the economy recovers from the pandemic and its related shutdowns. But in doing so, Trudeau writes, Freeland must “avoid creating new permanent spending.” He adds that any plan to regrow the economy must be guided by a budgetary goal to make sure spending doesn’t go adrift, known in official Ottawa as a “fiscal anchor” that the Liberals have jettisoned as the economy went into a downward spiral.