Rona Ambrose: Fiscal update 'very concerning' for Canadians

Former interim Conservative leader Rona Ambrose has voiced her displeasure over the federal government’s latest fiscal update, lamenting the extended federal deficit and arguing that not enough new programs will help Canadians today.

The federal Liberal government’s fiscal update, released on Tuesday, included $20.8 billion in new spending on affordable housing and the clean energy transition. It also stretches out the federal deficit, with projections showing an $18.4-billion deficit by 2028-2029 and no plan for achieving a balanced budget.

Ambrose called the budget update “very concerning, because it’s costing us a lot of money to pay off this deficit.”

“Everyone was looking for a return to a balanced budget, some type of strong fiscal anchor,” she told BNN Bloomberg. “We don’t see that.”