Joe Oliver: 2024 Budget Is a Sad Tale of Government Not Allowing the Country Reach Its Full Potential

Published on April 17, 2024

Commentary Deputy Prime Minister and Minister of Finance Chrystia Freeland introduced a dysfunctional budget that will damage the economy with sins of both omission and commission. Regrettably, the budget fails to meaningfully address affordability and housing, and exacerbates Canada’s productivity crisis. Instead, we were treated to a political document from a flailing tax-and-spend government desperately trying everything to reverse a collapse in the polls, but trapped by a financial squeeze brought on by its relentless profligacy. Prime Minister Trudeau long abandoned any pretence of fiscal probity, sound economic management, or common sense. He is now reduced to buying votes with demographically targeted schemes, pie-in-the-sky net zero subsidies, performative government industrial policy, and counter-productive tax hikes....

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