Erin O’Toole says he can balance the budget without cuts. But what do the experts say?

DM

Conservative Leader Erin O’Toole stood proudly at a podium on Wednesday and made a promise to Canadians: if elected, he’ll balance the budget within 10 years — and he says he’ll do it without making cuts. “We’re going to create jobs and opportunity, build infrastructure that Mr. Trudeau announces but never gets built, and have a detailed plan — and a disciplined plan — to get spending under control to balance the budget over the course of 10 years,” he said. “We will grow the economy so that we can get back to balance in a responsible and equitable way without cuts.” But with the national debt over the $1-trillion mark and the economy bruised from the relentless ravages of the COVID-19 pandemic, some experts eyed O’Toole’s promise with skepticism. Here’s what the experts have to say about this claim. A budget is balanced when the revenues a government rakes in balance out all their spending, meaning nothing gets added to the federal debt.

Notifications - Subscriptions
Notify of
6 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments

6
0
Would love your thoughts, please comment.x
()
x