Kamloops MP ‘very concerned’ with feds’ fiscal update
KAMLOOPS — “I’m very concerned.”
The reaction of Kamloops-Thompson-Cariboo Conservative MP Cathy McLeod to the Trudeau government’s fiscal update delivered today (Tuesday) by Finance Minister Bill Morneau.
In it, he promised nearly $15 billion in fresh spending over the next five years. The new measures take advantage of Canada’s unexpectedly robust economic performance, which is expected to provide an additional $47 billion for its bottom line over the same five year period.
“They have no commitment to get back to balanced budgets. That breaks an election promise. They have doubled the deficit, that breaks an election promise,” McLeod told CFJC Today. “Canada’s economy is doing okay right now but we all know it goes in cycles so when it goes into a downturn we’re able to respond.”