I would actually disagree that they “recently” abandoned them. They abandoned them very early on, when they came into office. They promised a balanced budget. They didn't deliver it, and then the debt-to-GDP ratio started to creep up, so it's not a new phenomenon.
On the minister's insistence on fiscal guardrails, she says she's going to impose them, but she doesn't want to do it until later on. It's a bit like saying, “Well, we don't want to put guardrails where the cliff is, so we're going to wait until we get back down on level ground, and then we'll put up some guardrails.” I think it's important to have something to measure your level of risk, and not having any anchor at all....
I recognize that today a balanced budget would be a pretty aggressive one, but you need to have something. There's a similar reason that we need a budget. I think that not having one is very worrisome.