This article was last updated on April 16, 2022
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The NDP Leader, Tom Mulcair, failed to select a verb to describe the sort of tight-spending policy adopted in the 2013 federal budget, hence he used an adjective, saying, “you cannot austere your way out of a crisis.” Mulcair’s overall response to Finance Minister Jim Flaherty’s latest fiscal plan was a mixture of condemnation of the Tories for being undependable economic forecasters and some specific objections to respective budget moves.
Questioning Flaherty’s promise of balancing the books by 2015, the NDP leader pointed out that the budget prediction of 2.5 per cent growth in gross domestic product next year, i.e. an increment from just 1.6 per cent this year, is an extreme understatement. Whereas, he also alleged that his GDP growth projected in last year’s budget was also 2.4 per cent. Mulcair alleged that “his predictions are constantly wrong,” and that “”they are making a very high prediction for [GDP growth] next year to come up with their under $20 billion deficit. That will, of course, also be proven to be wrong.”
Discussing Flaherty’s headline program of the budget, i.e. a $300-million-a-year federal pool for job-training grants matched by provincial and employer contribution, Mulcair accused him of playing “a shell game” by funding the grant program with money that used to be transferred to provinces with fewer strings attached. One of the very few things, which Mulcair liked in the budget, was the decision of granting the status of stand-alone agency to the regional development agency for Northern Ontario, known as FedNor,.
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