EDITORIAL: Yves Giroux for finance minister

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Responding to Freeland’s economic statement last week, Giroux was blunt:

“For an amount of that magnitude over three years, I’ve never seen that. And I’m surprised the government went for that because that exposes the government and the minister of finance to significant lobbying. I can only imagine how (Freeland’s) phone must be ringing off the hook.”

Uh-oh.

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Giroux also warned about the economic statement’s lack of a “fiscal anchor” — basically an indication of the government’s plans for federal spending built around the debt-to-GDP ratio, an indicator of the government’s overall financial health.

“The government did not identify a fiscal anchor in its fall economic statement,” Giroux wrote in his response to Freeland’s economic statement.

“Fiscal transparency and accountability would be better enhanced if the Government identified its fiscal anchor, supported with detailed economic and fiscal projections over a medium- and longer-term horizon, as well as a meaningful analysis of fiscal sustainability.”

Combine that with Giroux’s earlier statements warning about the lack of financial transparency of the Trudeau government prior to its fall economic update, making it harder for him and opposition MPs to do their jobs of critically examining federal spending, and you come to an inescapable conclusion.

That is, the Trudeau government is happy to muddy the waters about its record spending, because it leads to fewer informed questions about it.

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