Pros and cons of another deficit budget – U-of-L Prof weighs in
LETHBRIDGE – The 2017 provincial budget unveiled on Thursday afternoon, didn’t come with any big surprises, as the government had already let it be known that spending and another deficit was in the cards.
When the deck was dealt, the Fraser Institute said the government had “squandered another opportunity to take corrective action and turn the province’s finances around.”
While the institute concedes the government had inherited a difficult situation, it was still the third deficit budget in a row, which “fails to address any of the province’s serious fiscal challenges.”
The budget continues a trend of big spending, with a forecast $10.3 Billion deficit.