Trudeau tells Freeland new COVID-19 spending must avoid creating permanent programs


Prime Minister Justin Trudeau is putting a caveat on orders to his finance minister to spend as needed until the end of the economic crisis caused by COVID-19.

Read more:
Canada’s deficit to hit $330B as coronavirus lands ‘permanent’ economic impact

In a mandate letter to Finance Minister Chrystia Freeland, Trudeau says she should use “whatever fiscal firepower” is needed over the coming weeks and months until the economy improves.

[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]

But in doing so, Trudeau writes, Freeland must “avoid creating new permanent spending.”

He adds that any plan to regrow the economy must be guided by a budgetary goal to make sure spending doesn’t go adrift.






No details on ‘fiscal guardrails’ to keep pandemic spending in check


No details on ‘fiscal guardrails’ to keep pandemic spending in check – Dec 1, 2020

The detail is contained in updated mandate letters the Prime Minister’s Office made public today, months after it reset the parliamentary agenda with a late-September throne speech.

Story continues below advertisement

In the letters, Trudeau notes the new marching orders add to those laid out to ministers shortly after the Liberals won a minority mandate in the 2019 federal election.



© 2021 The Canadian Press






Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Translate »