All governments in Canada will face challenging fiscal circumstances over the next few years because the COVID-19 pandemic has resulted in appropriate but very significant deficits. Governments will need additional revenues to fund a stronger, more inclusive recovery, as well as deal with urgent crises like inequality and climate change. However, recent provincial budgets already include significant real spending cuts and “restraint” – the opposite of what is required. Inadequate public spending will be economically and socially damaging and contrary to what a majority of Canadians want — which are substantial improvements to public services and programs like affordable housing, eldercare and education. ...
Read the full article in Policy Options here.
{Photo: Shutterstock.com, by Alexander Gold.}
