Pinning down deficit figures from the federal Liberal government is like shooting a moving target.
That is also spinning and obscured in darkness.
Through a fog.
Even the independent Parliamentary Budget Office (PBO) has trouble figuring out how big the Liberals’ annual deficits will be.
Back in April, following Finance Minister Bill Morneau’s latest budget, the PBO projected Ottawa’s deficit would be $21.4 billion this year, not $17.5 billion as Morneau claimed. That’s a difference of nearly $4 billion or 22%.
Then in October, the PBO said maybe this year’s deficit would only be about $1.3 billion higher than Liberal projections. Only.
But according to Conservative Finance critic Pierre Poilievre, in a conversation he had with PBO officials earlier this week, the budget office once again expects this year’s deficit to be over $20 billion. And next year’s could be closer to $30 billion.
Liberal spending is out of control.