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Budget 2024

That was a budget?

Posted on June 11, 2024 by Analyst

Only in Canada, eh?

A 430 page document reading like a promotional journal, it includes something called “Legislative Measures“. If you can’t balance the books you can always re-write the rules, it seems. Missing is an actual budget or any outline of one.

Generalities abound with graphs showing attempting to prove positive past progress. Whole sections discussing economy, wages, housing, immigration, productivity, growth, and future predictions mixed references to years gone by make for a bewildering read.

Much devotion was given to addressing a government created housing shortage suggesting they will provide 40 billion in loans for apartments to be built by third parties on public land. Public building and National Defense property were listed as build sites. Sounds like it won’t be long and new comers will be sleeping in parliament if they aren’t already.

Wading through this mess takes some doing and its almost as if the confusion is deliberate. It isn’t long before numbers just don’t make any sense. Take for example a section showing a total of 9.1 billion. Preamble lists 177.95 billion in prior spending and at least 57.6 billion in budget commitments. A capital investment commitment of 525 billion or 5.25 per year for 10 years is further shown.

What’s shown is 582.6 billion in commitments with a total claimed as only 9.1 billion. Worse is that this amount is to benefit a select group of people, not the nation itself. The listed expenditures here far exceed every other section including national defense at about 1 billion.

What was passed off as a budget does not address the running of the nation nor does it show a monetary breakdown of how it will happen. Income appears from no where as sources are not listed or have been assumed. A budgetary balance sheet of income and expenses by category is clearly missing and has been replaced with what can only be described as gas lighting.

What’s worse is the appearance of bias and favoritism through extreme spending which so far has only resulted in more extreme spending coupled with complete discontent. No minority government could possibly make such a mockery of the process without non-confidence and an immediate election, yet there has barely been a whimper over this charade.

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