Liberals’ fiscal direction ‘sustainable’ debt could be gone, in 50 years: PBO

Carleton professor Ian Lee says this prediction should be taken ‘with a giant barrel of salt.'

Assistant PBO Mostafa Askari, left, says the federal budget, as announced by Finance Minister Bill Morneau in March, sets the stage for the elimination of the federal debt within 50 years.The Hill Times photographs by Jake Wright

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BY DEREK ABMA

April 25, 2016

The Parliamentary Budget Office has judged the Liberal government’s fiscal direction as being sustainable with the prediction that it’s on track to wipe out the federal debt, within 50 years. The PBO issued a new economic and fiscal outlook last week. It included the projection that the fiscal ...

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