Blacklock's Reporter

Canadians should brace for billions in new borrowing to be detailed next week in an updated five-year estimate of overspending, Interim Parliamentary Budget Officer Jason Jacques said yesterday. Testifying at the Commons government operations committee, Jacques said there was no question cabinet’s 2025 deficit will be much steeper than indicated: “The government wants to take 10 months before they put up an Excel spreadsheet that indicates what their deficit estimates are for the next five years.”