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In its fiscal update last week, the Liberal government unveiled its plan to put $100 billion toward post-pandemic recovery efforts.
That’s on top of a projected deficit of $381 billion for 2020-21 after months of spending on efforts to contain COVID-19 and help Canadian households and businesses stay afloat.
“As many Canadians have discovered over the course of the last year, governments can play a crucial role in our lives,” Max Fawcett writes.
And yet, he argues, the Canadian Taxpayers Federation continues to push for fiscal austerity as the country grapples with the economic fallout of the pandemic — a move that’s going out of fashion as many Canadians support government programs designed to assist individuals and businesses, Fawcett says.
“The real question” going forward, he writes, “is whether the public, and the media, will be as open to the familiar prescription of spending cuts and lower taxes as they have been in the past.”
As governments, organizations and individuals around the world make plans for a post-pandemic future, information plays a crucial role in navigating the challenges ahead.
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