PRESS RELEASE | Member of Parliament Bernard Généreux is disappointed with the broken promises of the Trudeau government, which has abandoned all possibility of returning to a balanced budget and is not offering anything for community infrastructure or dairy producers in Montmagny–L’Islet–Kamouraska–Rivière-du-Loup.
In the Trudeau government’s economic update, which was presented Wednesday in the House of Commons, Finance Minister Bill Morneau confirmed that the annual deficit will be $19.6 billion this year, and $18.1 billion next year. The government is already anticipating deficits well beyond fiscal year 2023–2024.
Member of Parliament Bernard Généreux recalls that in the 2015 election campaign, Liberal leader Justin Trudeau committed to restricting his government to three “modest” deficits of $10 billion, saying that it would return to balanced budgets by the end of his first term in 2019.
“All week, my colleagues and I have been asking the government to tell Canadians when it intends to return to a balanced budget. The government had no answer and today we know why,” said Bernard Généreux. “In addition to breaking his promise to eliminate deficits by the end of his first term, Justin Trudeau is already throwing in the towel and telling us that he has no intention of doing so, even if his government wins a second term after 2019. Canadians will not be fooled twice!”
Mr. Généreux said he is disappointed that despite the $37.7 billion that will be added to the national debt over the next two years, no money is being provided for community infrastructure or as compensation to dairy producers affected by the new United States–Mexico–Canada Agreement (USMCA).
“Our regions continue to be neglected by Justin Trudeau. The billions in infrastructure funding is going entirely to large urban centres and a few Indigenous communities,” Bernard Généreux commented. Justin Trudeau promised to compensate dairy producers for the losses expected as a result of the USMCA, but did not include any funding for that purpose in this week’s economic statement. Absolutely nothing!”