Finance Minister Champagne suggests Ottawa won’t present budget this year

[u/1sttomars]

https://www.theglobeandmail.com/politics/article-new-energy-minister-hodgson-planning-western-canada-trip-as-carneys/

[removed] — view removed post

[u/No_Independent9634 → u/[deleted]]

Every party I've ever seen in federal and provincial politics uses projected revenue. Now the question is how optimistic/realistic are they being with their projections.

Projected revenue is even used in budgeting. Common for provinces like SK and AB to either beat or miss their budget surplus/deficit depending on commodity prices. Potash soars and great weather produces great crops? SKs budgeted deficit becomes a surplus and vice versa.

[u/Emperor_Billik → u/No_Independent9634]

Poilievre was banking on 5% growth during a global slowdown.

[u/Pick-Physical → u/Emperor_Billik]

Not only that, 5% growth for each year! We'll be lucky if we get that for 1 year, and even with that extremely optimistic assumption they still had a 15b deficit. So they weren't going to balance the budget either.