Finance Minister Bill Morneau Speaks to Reporters About the Parliamentary Budget Officer’s Report
November 10, 2015
Finance Minister Bill Morneau today spoke about the need for smart, strategic investments to jump-start the economy and create new opportunities for growth.
Referencing a report issued today by the Parliamentary Budget Officer, which projects a small surplus in 2015–16, followed by five years of deficits, the Minister confirmed his intention to issue his own Economic and Fiscal Update in the coming weeks.
“Today’s report will certainly help to inform my assessment of Canada’s economic outlook and fiscal projections, alongside input from both public and private sector partners, and Canadians themselves,” the Minister said. “We intend to bring real change to Canada’s economy through a strategy that combines fiscal discipline with investments in economic growth.”
Citing a transformative investment in infrastructure, the Minister pledged to reorient the economy towards sustained growth.
“I continue to work closely with officials at the Department of Finance, and look forward to providing an accounting of our new fiscal reality very soon,” said the Minister.
Department of Finance