That absence of a fiscal anchor and a budget are a risk of credibility for the fiscal anchor. There is also a risk of not having a clear framework for making decisions.
As one can easily imagine, the Minister of Finance, the Prime Minister and ministers are probably subjected to intense pressure from all kinds of groups to spend in various areas. The absence of a fiscal anchor makes it a bit more difficult for them to triage and determine where they should be investing or spending money and where they should be turning down proposals.
The absence of a budget also makes it more difficult to have a clear picture as to the overall sense of direction for the government, notably when it comes to the pace of implementing its policy priorities and, in the current case, its Speech from the Throne priorities and mandate letter priorities.
The absence of a budget prevents us from having a clear, cohesive picture of overall government direction when it comes to its policy priorities and the pace of implementation.