Description: This week the Globe and Mail reported that the Minister of Finance did not include information on government expectations regarding future deficits in his November 1st financial updates. Instead, the information projecting decades of future deficits was released to the public somewhat quietly, two days before Christmas. While deficits are expected to continue for some time, the federal government does expect the federal debt to decline as a share of GDP.
Date: February 10, 2017
1) If you were the Finance Minister, when do you think you would have released this information?
2) What would have been the downside to releasing such information earlier?
3) What risk would the government run by not releasing this information in its November update?