David Raymond Amos @DavidRayAmos
Replying to @DavidRayAmos @Kathryn98967631 and 47 others
Methinks my gut has served me far better than any politician's facts It makes no sense to quit trusting it now N'esy Pas?
https://davidraymondamos3.blogspot.com/2019/04/federal-government-still-on-pace-for.html
https://www.cbc.ca/news/politics/fiscal-monitor-trudeau-surplus-1.5112639
Trudeau government ran $3.1-billion surplus in first 11 months of 2018-19
Numbers suggest much better outcome than $14.9-billion annual deficit projection
A preliminary estimate of the federal books says the government posted a surplus of $3.1 billion through the first 11 months of the fiscal year.
The number in the Finance Department's latest fiscal monitor suggests that with one month to go in the 2018-19 fiscal year, the government's balance sheet is on track to be far better than the Liberals' $14.9-billion deficit projection.
The April-to-February surplus is an improvement compared to the same period in 2017-18, when the government ran a shortfall $6 billion
The report says overall revenues were up $23.5 billion, or 8.5 per cent, compared to same 11-month stretch the previous year, due in large part to higher revenues from taxes and incoming employment insurance premiums.
Program expenses rose by $12.7 billion, or 4.8 per cent, mostly because of increases in major transfers to individuals and other levels of government as well as higher direct program spending.
In February alone, the report says the government had a surplus of $4.3 billion.
Last month, the Liberals' budget predicted the government would run annual deficits of $19.8 billion in 2019-20, $19.7 billion in 2020-21 and $14.8 billion in 2021-22.
5124 Comments
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Mario Rotella
In an election year. How convenient.
David R. Amos
Reply to @Mario Rotella: Methinks this number pales in comparison to how much money was squandered since 2015 N'esy Pas?
Joe Smithson
Reply to @David R. Amos:
Ask Harper about that he did the same n’esy pas....
Ask Harper about that he did the same n’esy pas....
David R. Amos
Content disabled (after it was liked)
Reply to @Joe Smithson: "Ask Harper about that he did the same n’esy pas.... "
Methinks you should ask yourself why I ran against Harper 3 times and am preparing to run again N'esy Pas?
Reply to @Joe Smithson: "Ask Harper about that he did the same n’esy pas.... "
Methinks you should ask yourself why I ran against Harper 3 times and am preparing to run again N'esy Pas?
John Silver
After
Harper government balanced the budget, Trudeua government increases the
debt by 5.7% the record amount for non-war period.
Taxes were increased, most of Candians did not receive new services.
And at the end, they paused wasting spree for one year to keep in power.
Hopefully, Candians will not be fooled
Taxes were increased, most of Candians did not receive new services.
And at the end, they paused wasting spree for one year to keep in power.
Hopefully, Candians will not be fooled
David R. Amos
Reply to @John Silver: "Hopefully, Candians will not be fooled "
Methinks about 30 percent always are. Which 30 percent depends on what political party holds the governmental mandate at the time N'esy Pas?
Methinks about 30 percent always are. Which 30 percent depends on what political party holds the governmental mandate at the time N'esy Pas?
Rich Large
And
yet as recently as one month ago, Morneau forecast a deficit of $19.8
billion. Clearly, Liberals haven't got a clue what's going on.
David R. Amos
Reply to @Rich Large: "Clearly, Liberals haven't got a clue what's going on."
Oh So True
Oh So True
Richard Sharp
Reply to @Rich Large:
It's unfortunate that erroneous and unfounded claims like yours which attract such adoration are even allowed up. As clearly written in the CBC headline itself, the feds actually predicted a month ago that the 2018-19 deficit would be $14.9 billion, not $19.8 as you claim. Here is a more complete version of the CP piece:
https://www.thestar.com/news/canada/2019/04/26/feds-books-still-on-pace-for-15b-deficit-despite-surplus-through-most-of-18-19.html
It's unfortunate that erroneous and unfounded claims like yours which attract such adoration are even allowed up. As clearly written in the CBC headline itself, the feds actually predicted a month ago that the 2018-19 deficit would be $14.9 billion, not $19.8 as you claim. Here is a more complete version of the CP piece:
https://www.thestar.com/news/canada/2019/04/26/feds-books-still-on-pace-for-15b-deficit-despite-surplus-through-most-of-18-19.html
David R. Amos
Content disabled (after it was liked at least 4 times)
Reply to @Richard Sharp: Methinks I should ask you again why you are ignoring the obvious N'esy Pas?
https://www.scribd.com/doc/2718120/integrity-yea-right
https://www.scribd.com/doc/2718120/integrity-yea-right
Troy Mann
Lowest unemployment rate in 40 years is a good thing no matter what conservatives tell you!!!
David R. Amos
Reply to @Troy Mann: Methinks it is obviously you who is trying to tell us something N'esy Pas?
Martin Howser
And they did it, without dipping into EI fund or selling off the national assets to the Saudis... (mentioning no names here)
Troy Mann
Reply to @Martin Howser:
Lies is all you have
Lowest unemployment rate in 40 years is good for Canada even though conservatives hate Canada
Lies is all you have
Lowest unemployment rate in 40 years is good for Canada even though conservatives hate Canada
David R. Amos
Reply to @Martin Howser: (mentioning no names here)
Methinks its no time to be shy N'esy Pas?
Methinks its no time to be shy N'esy Pas?
David R. Amos
Reply to @Troy Mann: "Lies is all you have"
Oh My My
Methinks you learn to debate rather than mere insult folks Furthermore you are being a little redundant as well N'esy Pas?
Oh My My
Methinks you learn to debate rather than mere insult folks Furthermore you are being a little redundant as well N'esy Pas?
Richard Dekkar
This
is nuts! Just a month after the budget and they were off by this
much? Given it's the same crew who cooked Ontario's books - and that
province's Auditor General slammed them for it, either these numbers
can't believed, or everything the Liberals say can't be believed, or
both!
If true, don't virtue signal spend it. Bring down taxes across the board.
If true, don't virtue signal spend it. Bring down taxes across the board.
David R. Amos
Reply to @Richard Dekkar: "This is nuts!"
Methinks that is the way a proper Circus should be N'esy Pas?
Methinks that is the way a proper Circus should be N'esy Pas?
Hugh MacDonald
Wife: I bought a new coat on sale for $150 and saved $50 and I also bought a new chair on sale for $350 and saved $100.
Husband: If you keep racking up those kinds of savings, we'll have enough to buy a new car.
Husband: If you keep racking up those kinds of savings, we'll have enough to buy a new car.
Jerry Smith
Reply to @Hugh MacDonald: Perfect analogy Hugh!!
David R. Amos
Reply to @Jerry Smith: "Perfect analogy Hugh!!"
At least it was funny
At least it was funny
Dave Roux
Must be an election comming up.....seems kinda funny
David R. Amos
Reply to @Dave Roux: ."seems kinda funny "
Welcome to the Circus
Welcome to the Circus
Frank Albanese
A 3.1B surplus after a 14.9B projected deficit coming into an election. Yeah, let's trust those numbers.......
Will Eves
Reply to @Frank Albanese: Trust the facts, not your 'gut'
David R. Amos
Reply to @Will Eves:
Methinks my gut has served me far better than any politician''s facts It
makes no sense to quit trusting it now N'esy Pas?
Patrick Anglin
Yes, deficits can disappear if you focus on growth.
David R. Amos
Reply to @Patrick Anglin: "Yes, deficits can disappear if you focus on growth."
Or raise taxes
Or raise taxes
Federal government still on pace for $15B deficit despite surplus through most of 2018-19
Last month's budget pledged billions in additional spending for previous fiscal year
The Trudeau government says it remains
on track to post a budgetary shortfall of about $15 billion in 2018-19
even though a new estimate says the federal books ran a $3.1-billion
surplus through the first 11 months of the fiscal year.
The number was released Friday in the Finance Department's latest fiscal monitor, a document that provides a preliminary look at the federal balance sheet.
In last month's budget, the Liberals projected the government to post a $14.9-billion shortfall in 2018-19 — so a report showing Ottawa $3.1 billion in the black with one month to go appears to have the government on pace for a better fiscal result.
The surplus, however, is poised to be more than wiped out by promised spending, the department said.
The budget contained "several significant measures" that will be booked in the 2018-19 fiscal year once the legislation is adopted, the report said.
It listed big-ticket items from the budget, including a $2.2-billion transfer to communities for infrastructure projects, $1 billion to improve energy efficiency in buildings and $900 million towards forgiving and reimbursing loans to Indigenous governments for comprehensive claim negotiations.
"Taking these measures, along with expected March 2019 results and end-of-year adjustments, into account, the results to date are broadly in line with the budgetary deficit for 2018-19 projected in budget 2019," the Finance Department said.
The government has raked in higher-than-expected revenues following a strong economic run in 2017 and 2018. The economy, however, has eased up in recent months after nearly stalling in late 2018 following a sudden fall in oil prices.
The report Friday said the April-to-February surplus was an improvement compared to the same period in 2017-18, when the government ran a deficit of $6 billion.
Overall revenues during the period were up $23.5 billion, or 8.5 per cent, compared to same 11-month stretch the previous year. The increase was due in large part to higher revenues from taxes and incoming employment-insurance premiums, the report said.
Program expenses rose by $12.7 billion, or 4.8 per cent, mostly because of increases in major transfers to individuals and other levels of government as well as higher direct program spending.
The
department said public debt charges increased $1.7 billion, or 8.4 per
cent, in a change mostly due to the higher effective interest rate on
government debt.
In February alone, the report said the government had a surplus of $4.3 billion, which was driven by a revenue boost of $3.5 billion, or 12.2 per cent, compared to the year before.
The Liberals' budget also predicted the government would run annual deficits of $19.8 billion in 2019-20, $19.7 billion in 2020-21 and $14.8 billion in 2021-22.
With the federal election just six months away, Canadians should expect to hear more and more debate focused on the country's fiscal situation.
The opposition Conservatives and some economists have criticized the Trudeau government for ditching its 2015 campaign vow to run annual deficits of no more than $10 billion and to balance the books by 2019. The Liberals have also faced objections for not providing a timetable to return to budgetary balance.
Finance Minister Bill Morneau has instead focused on reducing the net-debt-to-GDP ratio — a measure of how burdensome the national debt is — each year. He's argued the extra spending, in areas such as infrastructure, has been necessary to help raise the country's long-term growth.
The number was released Friday in the Finance Department's latest fiscal monitor, a document that provides a preliminary look at the federal balance sheet.
In last month's budget, the Liberals projected the government to post a $14.9-billion shortfall in 2018-19 — so a report showing Ottawa $3.1 billion in the black with one month to go appears to have the government on pace for a better fiscal result.
The surplus, however, is poised to be more than wiped out by promised spending, the department said.
The budget contained "several significant measures" that will be booked in the 2018-19 fiscal year once the legislation is adopted, the report said.
It listed big-ticket items from the budget, including a $2.2-billion transfer to communities for infrastructure projects, $1 billion to improve energy efficiency in buildings and $900 million towards forgiving and reimbursing loans to Indigenous governments for comprehensive claim negotiations.
"Taking these measures, along with expected March 2019 results and end-of-year adjustments, into account, the results to date are broadly in line with the budgetary deficit for 2018-19 projected in budget 2019," the Finance Department said.
The government has raked in higher-than-expected revenues following a strong economic run in 2017 and 2018. The economy, however, has eased up in recent months after nearly stalling in late 2018 following a sudden fall in oil prices.
The report Friday said the April-to-February surplus was an improvement compared to the same period in 2017-18, when the government ran a deficit of $6 billion.
Jump in revenue
Overall revenues during the period were up $23.5 billion, or 8.5 per cent, compared to same 11-month stretch the previous year. The increase was due in large part to higher revenues from taxes and incoming employment-insurance premiums, the report said.
Program expenses rose by $12.7 billion, or 4.8 per cent, mostly because of increases in major transfers to individuals and other levels of government as well as higher direct program spending.
In February alone, the report said the government had a surplus of $4.3 billion, which was driven by a revenue boost of $3.5 billion, or 12.2 per cent, compared to the year before.
The Liberals' budget also predicted the government would run annual deficits of $19.8 billion in 2019-20, $19.7 billion in 2020-21 and $14.8 billion in 2021-22.
With the federal election just six months away, Canadians should expect to hear more and more debate focused on the country's fiscal situation.
The opposition Conservatives and some economists have criticized the Trudeau government for ditching its 2015 campaign vow to run annual deficits of no more than $10 billion and to balance the books by 2019. The Liberals have also faced objections for not providing a timetable to return to budgetary balance.
Finance Minister Bill Morneau has instead focused on reducing the net-debt-to-GDP ratio — a measure of how burdensome the national debt is — each year. He's argued the extra spending, in areas such as infrastructure, has been necessary to help raise the country's long-term growth.
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