Former finance minister says he’ll be looking for fiscal anchor in upcoming budget


Former finance minister John Manley says he’ll be looking to see if the federal government proposes a new fiscal “anchor” in the upcoming budget. The federal government is set to unveil its first budget in more than two years on April 19, Finance Minister and Deputy Prime Minister Chrystia Freeland said in the House of Commons on Tuesday. Before the pandemic struck, the federal government was committed to maintaining a low debt-to-GDP ratio as a fiscal anchor — a benchmark to serve as a theoretical cap on spending and deficits — but has since been reluctant to commit to a new one. “There are some key things that I’m looking for,” Manley told Catherine Cullen on Power & Politics. “Will the minister establish a fiscal anchor?”

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