Carney's Budget Pledge Skepticism

This is a Ontario news story, published by torontosun, that relates primarily to Trudeau news.

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balanced budget

torontosun

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Business

Business & Economics

GOLDSTEIN: Carney’s hocus-pocus plan to increase debt and balance the budget

Summary

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78% Informative

Prime Minister Mark Carney ’s promise that his government will “spend less and invest more” is the same sort of fiscal flimflammery as Justin Trudeau's claim in 2014 that as prime minister he would grow the economy and “the budget will balance itself” In fact, Carney is planning to spend more and borrow more than the Trudeau government.

The budget never balanced itself under Trudeau , even before the pandemic hit in 2020 .

Federal, Ontario and Quebec governments have earmarked up to $52.5 billion for 13 projects intended to create an electric vehicle and EV battery industry in Canada .

Many companies now cutting back or delaying production due to slow EV sales.

That’s $6.3 billion or 14% more than the $46.1 billion the industry plans to invest in these projects.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive