Canada’s deficit will be unsustainable in 1-2 years: Parliamentary Budget Officer

Canada’s Parliamentary Budget Officer Yves Giroux says that the deficit will soon become unsustainable if the Trudeau government continues its current spending levels. On Sunday, Giroux warned that any new spending commitments without a plan to decrease the deficit might spell fiscal disaster. “It’s without a doubt that we cannot afford deficits of over $300 billion for more than just a few years. And when I say a few years, I really mean a year or two. Beyond that, it would become unsustainable,” he said. “So if the government has…

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