David Dodge and Michael Horgan's op-ed, "With a federal budget pending, do fiscal anchors still matter?" appears in the Globe and Mail's Report on Business section. David and Michael write that as Chrystia Freeland makes choices in her first budget as Finance Minister, two critical markers will come immediately in view: the deficit for the next fiscal year and the fiscal track for the medium term.
The Bennett Jones Fall 2020 Economic Outlook suggests a “10 percent rule” as fiscal anchor for the medium term—ensuring that in the future debt service charges absorb no more than 10 per cent of government revenue.
The full op-ed can be read here.
Bennett Jones