US EditionCarney Argues His Government Has Fiscal Anchors After PBO Raises Concerns
Parliamentary Budget Officer Jason Jacques warns of unclear fiscal anchors amid a $61.9 billion deficit and economic pressures ahead of Canada's November 4 budget.
- Speaking to the House of Commons committee on Tuesday, Jason Jacques said he doesn't know if the government currently has fiscal anchors, which causes 'considerable concern.'
- Earlier this month, the federal government hasn't presented a budget since spring 2024, and a December update reported a $61.9 billion deficit, despite former finance minister Chrystia Freeland's fiscal anchors.
- Finance Department officials told the PBO they are in early consultations about capital and operating budgets, with Jason Jacques warning delays may increase uncertainty.
- On Tuesday the finance minister announced the first budget will be tabled on Nov. 4, and Prime Minister Mark Carney reaffirmed the Carney government’s commitment to balance the operating budget within three years while insisting fiscal anchors exist.
- Carney has said the deficit will be bigger than the last, citing U.S. tariffs and additional spending, while Jacques said the 2025 budget will indicate the Carney government's financial guardrails.
17 Articles
17 Articles
The Chronicle-Journal
Carney argues his government still has fiscal anchors after PBO raises concerns
OTTAWA - Prime Minister Mark Carney insisted Wednesday his government does have fiscal anchors after the interim parliamentary budget officer raised concerns about government transparency.
New budget watchdog says 'deficit will absolutely be higher' than forecast, feds have no clear fiscal anchors
'I don't know that the government currently has fiscal anchors, which, of course, causes the people that I work with a considerable degree of concern at this point,' says interim Parliamentary Budget Officer Jason Jacques.
Winnipeg Free Press
Carney argues his government has fiscal anchors after PBO raises concerns
Breaking News, Sports, Manitoba, Canada
Budget watchdog sees 'considerable concern' over government's lack of fiscal anchors
In his first committee appearance, interim Parliamentary Budget Officer Jason Jacques told MPs his office has been consulted ahead of the fall budget but described the process as being in "early days."
Budget Watchdog Voices Concern About Ottawa’s Lack of Fiscal Anchors
The Parliamentary Budget Officer (PBO) says many members of his team are concerned by the federal government’s apparent absence of fiscal anchors to rein in spending. “I don’t know that the government currently has fiscal anchors, which, of course, causes the people that I work with a considerable degree of concern at this point,” interim PBO Jason Jacques told the government operations committee on Sept. 16. Jacques said the previous Liberal go…
Jason Jacques, acting, indicated that the deficit will be "absolutely higher" than the previous one.
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