Forget the deficit doomsters, the IMF’s got it right

We need productive public investment now for a clean and smart post-pandemic economy if we are to avoid long-term unemployment and economic stagnation.

Finance Minister Chrystia Freeland, pictured in Ottawa on Aug. 18, 2020. With a projected federal budget deficit in the range of $350-billion in the current fiscal year, there are understandable worries over whether we are pushing ourselves over a fiscal cliff. While that is always a risk, the evidence suggests the answer is 'no,' so long as we make sure that we are careful in how we spend and what we spend, writes David Crane. The Hill Times photograph by Andrew Meade

Opinion

BY DAVID CRANE

October 12, 2020

TORONTO—With a projected federal budget deficit in the range of $350-billion in the current fiscal year, there are understandable worries over whether we are pushing ourselves over a fiscal cliff. While that is always a risk, the evidence suggests the answer is “no,” so long as we make sure t...

To keep reading, subscribe and become a political insider.

Only $7.76 a week for an annual subscription.

Enjoy unlimited website access and the digital newspaper.

Cancel anytime.

Already a Subscriber?

Get Weekend Point of View Newsletter

A round up of the past weekâ€™s opinion writers and columnists on Saturdays and Sundays.

By entering your email address you consent to receive email from The Hill Times containing news, analysis, updates and offers. You may unsubscribe at any time. See our privacy policy