Economy 52,864 Posted September 21, 2017 Share Posted September 21, 2017 http://business.financialpost.com/news/liberals-deficit-shrinks-5b-below-projection-but-good-times-not-expected-to-last Trudeau has delayed most of Canadas planned infrastructure budget increases saying they needed more time to figure out what projects to spend the money on to not build for the sake of building and to ensure the projects the money is spent on will actually have lasting impacts and benefits As a result this year the Federal Deficit was $17 Billion, far lower than expected. With 4.5% GDP growth the National Debt fell to 27.6% of GDP far below the over 100% average in the G7 Nations Trudeau promissed that what was not spent this year will be invested next year instead Link to post Share on other sites More sharing options...
Economy 52,864 Posted September 21, 2017 Author Share Posted September 21, 2017 @Luc Its possible to run deficits and still have Debt to GDP Ratio fall as we discussed before Link to post Share on other sites More sharing options...
Luc 4,776 Posted September 21, 2017 Share Posted September 21, 2017 Well, I think that makes sense.. it's better to build during crisis times anyways. Creates (temporary) employment for the unemployed, leading to a quicker recovery from the crisis. Keeps the economy going. Link to post Share on other sites More sharing options...
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