Record-setting deficit expected as Alberta releases fiscal update

[petros]

GDP growth rate went down by 11.5% while the US went down by a whopping 38.5%.

Nooooooo.

Heres is a picture, apparently you know dont werds.

F-cking stellar. Better run out and borrow another $411B

 

[taxslave]

Federal Debt to GDP ratio is doing quite well, UNLIKE Alberta.
GTFO

No it isn't. Only in the minuscule minds of illiterate turdOWE supporters.
SO when exactly is the budget going to balance itself?

 

[mentalfloss]

Nooooooo.
Heres is a picture, apparently you know dont werds.

F-cking stellar. Better run out and borrow another $411B

That's early on and it already bounced back, unlike Alberta.

 

[mentalfloss]

No it isn't. Only in the minuscule minds of illiterate turdOWE supporters.
SO when exactly is the budget going to balance itself?

It actually did worse under Harper where GDP growth was as bad as petros' chart without the influence of covid.

 

[taxslave]

It actually did worse under Harper where GDP growth was as bad as petros' chart without the influence of covid.

But Harper managed to not only balance the budget but have a surplus. Which your hero promptly blew and put us in debt to Greek levels.
The current clowns in BC also managed to blow a significant surplus and do serious damage to the economy of not only BC but Alberta as well.

 

[Twin_Moose]

That's early on and it already bounced back, unlike Alberta.

Ottawa runs $120B deficit in just three months as Canadian economy craters

Total program spending from April to June was $172 billion.

Revenues also plummeted by 37 per cent, down by $32 billion to $52 billion over the quarter.

Meanwhile, Stats Canada data on Friday showed the single-largest economic dive in Canadian history, falling by nearly 40 per cent in the three months ended in June.

Business investment fell 16.2 per cent, which Statistics Canada says is a result of plant closures, low oil prices and heightened economic uncertainty. Employee compensation fell by 8.9 per cent, the steepest drop ever recorded, as workers were laid off, furloughed, or had their hours slashed.

The Trudeau government seems poised to continue its spending binge, after the prime minister suggested his government would return to Parliament in September with “ambitious” spending plans that are expected to significantly expand the social safety net.

“This is our moment to change the future for the better,” Trudeau told reporters last week. “We can’t afford to miss it because this window of opportunity won’t be open for long.”

The Liberal government is expected to post a $343 billion deficit in 2021, not including another $37 billion in spending announced last week, which will introduce three new benefits programs for workers, and relax employment insurance rules to allow more Canadians to apply for financial aid.....More

 

[Twin_Moose]

It actually did worse under Harper where GDP growth was as bad as petros' chart without the influence of covid.

Where in Ont. and Que. manufacturing sector? The West was booming through it all

 

[mentalfloss]

Their industries are sustainable.

Alberta's be busting real good.