Mr. Yves Giroux at the Government Operations and Estimates Committee

On May 8th, 2023. See this statement in context.

May 8th, 2023 / 4:40 p.m.

Parliamentary Budget Officer, Office of the Parliamentary Budget Officer

If the government wanted to keep the debt-to-GDP ratio on a downward trend in each and every one of these years, it would need to either increase taxes this year and next or decrease spending—or a combination of both—to ensure that the ratio maintains a downward trajectory in each and every one of the next five years.

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