Budget office sheds fresh light on public debt and private wealth
The Parliamentary Budget Office, about the only worthwhile thing to emerge from nine years of the Harper Conservatives, issued two significant reports last week. The first was the latest scenario for the COVID-19 pandemic’s impact on federal finances. It showed that despite what seems like a never-ending stream of spending commitments from Ottawa, the country’s fiscal outlook has improved. A second PBO report was even more enlightening, providing at least a partial answer to the question of how to pay not only for COVID-19-related assistance but also for mending holes in the social safety net exposed by the pandemic....
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