As the Liberal government prepares to table its first spring economic update, the C.D. Howe Institute is calling for a clear path back to balanced budgets.
The upcoming April 27 update on the state of the economy and public finances should contain a “realistic assessment of economic and fiscal conditions” as well as targets to restrain spending and tax reforms that encourage consumption and investment, the public policy think tank said in its latest report.
“These measures will likely face political resistance, but without bold action, we risk the prosperity and productivity of our nation for future generations,” said the institute’s Alexandre Laurin, one of the authors of the April 23 report….