The federal Liberals are expected to table the 2022-23 budget in early April, marking the second time in a row it will be introduced after the start of the fiscal year
Federal budgets have been drifting later in the year for decades, but this year marks an acceleration of that trend.
Finance Minister Chrystia Freeland is expected to announce the precise timing of the budget in the Commons next week. If the budget is indeed tabled in the first week of April, it will still be a couple of weeks earlier than last year’s date of April 19. The Liberal government led by Jean Chrétien was, if anything, even more disciplined, with just one budget tabled later than February. But budget dates began to drift under Paul Martin’s Liberal government, with the 2004 version tabled in the third week of March.
Mr. Giroux said that in recent years the budget has typically come after that March 1 deadline for main estimates, meaning that parliamentarians are debating and approving a document that doesn’t contain the full fiscal plan for the year. Afrom the PBO says that misalignment “undermines the ability of parliamentarians to meaningfully scrutinize proposed spending.”
Mr. Giroux echoed that assessment, but said the federal government should still strive to push budgets back into early February, even in such a year as 2022, when war in Europe clouds the economic outlook and raises the prospect of a pivot to higher defence spending.
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