News Analysis
Budgets typically go beyond pure fiscal measures and the spring economic update tabled this week is no exception, with some new consequential measures introduced with the bill that will be tabled in Parliament.
On April 28, Finance Minister François-Philippe Champagne presented the fiscal update, a mini-budget outlining Canada’s fiscal health and projecting tens of billions in new spending.
With the focus on top-line numbers, such as the deficit for the previous fiscal year coming in at $66.9 billion—$11.4 billion lower than projected last fall—other details attracted less attention.
The fiscal update lists 11 non-tax-related legislative measures that the now-majority Liberal government will be able to pass in Parliament….