MP Vidal: ‘Federal budget is a political document, not an economic one’
Following the release of the 2021 federal budget, Desnethé—Missinippi—Churchill River MP Gary Vidal believes the financial blueprint falls short of delivering a viable solution regarding Canada’s economic recovery through the COVID-19 pandemic.
This year’s budget is the first financial screenshot released by the Canadian government since the federal Liberal party was re-elected in 2019. This also marks the first federal budget Vidal has seen since taking office that same year. Vidal explained not having updates on the country’s finances for an extended period of time made the national deficit ‘hard to fathom.’
“This is a political document, not an economic one. There’s very little economic planning here, the spending is over the top,” Vidal said. “When I was on the campaign trail in 2019, I remember being very stressed about the fact that we were talking about $10-billion deficits. In the meantime, we’ve just gotten to a place where they’re just under $400-billion in that same period. To me, that’s just a little bit of an overwhelming amount of dollars that we’re talking about.”
With significant funding being required for economic relief programs like the Canadian Economic Response Benefit (CERB) and the Canada Emergency Wage Subsidy, Vidal said he understands the need for spending in these areas. At the same time, he is displeased with the handling of government finances because he believes the public health crisis could already be behind the country if things were done differently.
