Authored by Don Drummond, Stauffer-Dunning fellow at the Queen’s University School of Policy Studies
(Originally published in The Globe and Mail – June 16, 2020)
Parliament is being asked to authorize massive amounts of spending to mitigate the economic damage of COVID-19. To best represent the interests of Canadian taxpayers, who some day will foot the bill, parliamentarians need the best picture possible of the underlying context. That should include a fiscal update.
The Prime Minister rejected the idea of a fiscal update last week, arguing that “in this situation any prediction we make will be widely unreliable from one week to the next.”
Many past updates and budgets, vital to the parliamentary process, would have failed the reliability test.
The infamous 1995 budget, widely viewed as tackling a fiscal crisis and putting the country on a sustainable fiscal path, Continue Reading »