Derek Sloan comments on federal budget

Hastings Lennox and Addington MP Derek Sloan addressing the crowd after winning the local riding in the October 2019 federal election. Photo by Adam Prudhomme.

The following is a statement from Hastings-Lennox and Addington MP Derek Sloan:

Today marked the delivery of the long-anticipated federal budget. With soaring debt & deficits a hallmark of this Trudeau government, there was not much hope to see their legacy of out of control spending reigned in.

In fact, based on the fiscal outlook provided by the Department of Finance today, we can expect to large scale deficit spending well into the next 5 years and beyond in Canada. There are several programs announced in the budget that I can support in principle, such as the investments in Long-Term Care and the planned increase for OAS payments to Seniors 75 years and older. I also welcome supports for seasonal workers, gig workers and contract workers in the Air Transportation sector. There were a multitude of other issues presented in the budget that I will review and analyze for their impact on Canada moving forward, and I will reserve judgement on these areas until a later date. However, there were areas that needed much more than what was delivered in this budget, including our agriculture and aerospace sectors. We also should have seen much higher investments to benefit our tourism sector across the Nation.

My most urgent concern is based on two key areas: The continuing obsession with deficit financing and rose-colored glasses views on the fiscal outlook of our nation; and the Net Zero strategy laid out in the Budget that will destroy Canada’s Energy and Resource sectors – both of which we as a nation directly owe our previous prosperity. We simply can’t rely on economic growth to dig out of the massive hole dug by the Prime Minister, as his Finance Minister suggests. Overall, we don’t see the realistic return on investment promised by this government coming to fruition in the long-term fiscal future of Canada.

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