Scheer to abandon pledge to balance budget in two years if elected GlobePolitics
Conservative Leader Andrew Scheer stands during question period in the House of Commons on Parliament Hill in Ottawa on Wednesday, May 8, 2019. Conservative Leader Andrew Scheer is digging into his party's policy bag and vowing to resurrect a Harper-era strategy as part of a wider plan to combat human trafficking.
In a speech on his economic policy he will deliver at the Canadian Club in Vancouver, B.C., on Friday, Mr. Scheer will promise to make a balanced budget part of his platform, but within about five years instead of two.“In the last three years, Trudeau has made an even bigger mess of the budget than I thought possible. ... All of this has made it impossible for anyone to immediately and responsibly balance the budget,” according to the text of the speech seen by Reuters on Thursday.
In 2015, Mr. Trudeau promised to balance the budget by this year, which he has not done. But even with the deficit, Canada’s net debt-to-GDP ratio is lower than its Group of Seven rivals and debt as a share of output is expected to decline over the coming years from about 31 per cent currently. The decision also comes as Mr. Scheer’s ally Ontario Premier Doug Ford seeks to balance the budget of Canada’s most populous province by 2023-24.
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