Federal government could struggle to fulfill spending promises: Former BoC governor
BNN Bloomberg
The federal government might struggle to fulfill all of the spending promises it made last year in the budget and Fall Economic Statement, according to former Bank of Canada governor David Dodge.
In a report on Monday, David Dodge, senior advisor at Bennett Jones LLP, said that the economic assumptions made by the federal government in Budget 2022 and the Fall Economic Statement were “plausible but optimistic.”
“All I was doing in the report was raising the very serious risk that they [the federal government] will not actually be able to honour the pledge that they have made in terms of their (Budget 2022) policies,” Dodge said in a television interview on Thursday.
“There’s not going to be any room, or certainly not very much more room, to make new pledges and deliver the real resources that are required to honour those pledges.”
