Parliamentary Budget Officer says the government is not providing the details needed on how so much money is planned to be spent.
The Trudeau Liberals have made a big deal about their “historic investments” in infrastructure.
Now however, the Parliamentary Budget Officer says the Trudeau government has no plan on how to spend a whopping $186.7 BILLION in proposed infrastructure money.
As noted by the CP, “Parliamentary budget officer Jean-Denis Frechette says the Liberals don’t yet have a plan for how the federal government will spend $186.7 billion in infrastructure money over the next 12 years.”
“Government officials have vowed to provide more information beyond what was in last month’s budget that updated spending figures on the program, but they delivered what Frechette calls an incomplete account of $91.1 billion in existing spending. Frechette’s office says in a report released today that the Liberals won’t spend about one-quarter of planned infrastructure spending between 2016 and 2019, with the cash being shifted to future years.”
This is appalling.
There is widespread support for increased infrastructure spending, and it’s one of the few areas where government spending can make an important difference, both in short-term job creation and in long-term economic growth.
Yet, it seems the Trudeau government – showing total incompetence – simply announced big infrastructure spending increases in order to get political points for it, while having no plan to actually deliver.
So, not only can this government not find any ways to save our money – a year-long spending review didn’t find one opportunity for cuts – they can’t even spend our money correctly.
With weaker infrastructure, the result will be weaker economic growth, lost jobs, and lost investment throughout the economy. The incompetence of the Trudeau government will make a difficult economic situation even worse.
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