Posts Tagged Deficit
The PC’s released a platform today outlining the costs associated on their campaign promises but failed to provide any information on how these promises would be paid for. Mike Moffatt who is a director at the independent think tank Canada 2020, and an associate professor at the Ivey Business School, has crunched the latest numbers in an updated post, and as you can see from the above the party is still with the highest deficit projections.
What’s worse is that the party platform released today, may have not been approved by the party:
Two Conservative sources told the Star that Ford’s platform not only lacks a fiscal plan but also wasn’t formally approved by the party’s policy committee, as is required by the PC constitution.
As one conservative commentator put it:
They seem to be relying on the plumbs of “The People’s Guarantee” without the funding of the carbon tax.
The question is: what tax are they replacing it with?
If no plan to bring in tax, two possibilities:
— Maddie Di Muccio (@MaddieDiMuccio) May 30, 2018
Mike Moffatt who is a director at the independent think tank Canada 2020, and an associate professor at the Ivey Business School, has come up with an interesting post comparing the platforms of each party in the Ontario election and how they compare to deficit projections. Moffatt’s deficit projections put the PC’s with the highest run deficits, with the Liberals in close second, and the NDP with the lowest deficit projections. These numbers include the recent correction of $1.4 billion/year the NDP has had to make on reserves.
Moffatt noted that there is a lot of unknowns when it comes to the PC platform, however right now – on the information they have currently provided to the public – the PCs seem to be running significantly higher deficits in their platform than the other two parties.