Budget is massive borrowing, debt and no job creation: Brown

In this Nov. 20, 2015, file photo, MP Gord Brown speaks to the Leeds-Grenville Economic Development Summit. Brown is critical of the federal Liberal budget, calling it a huge shopping list with no plans to pay back the projected deficits over the next four years. (Newswatch Group/Bill Kingston, File)

BROCKVILLE – Local Conservative MP Gord Brown is extremely critical of Tuesday’s federal budget.

Brown said the budget leaves “huge unanswered questions about how the government plans to finance all their new programs and promises.”

Indeed, the budget projects deficits of $29.4 billion this year and another $29 billion next year.

“They have quadrupled their own promise on borrowing money,” Brown said. “They had promised a $10 billion deficit based on infrastructure spending but now they are looking at borrowing $30 billion with only $6.6 billion invested in infrastructure.”

Brown also noted there was no job creation in the budget and no indication on when the budget will be balanced during the Liberals’ mandate.

The Leeds-Grenville-Thousand Islands-Rideau Lakes MP said there are still many unanswered questions.

“For example, the budget announces free entry to National Parks. Does this include Historic Sites like the Rideau Waterway? Does it mean free dockage at the Thousand Islands National Park?”

Brown was also concerned with a lack of funding for the military and the agriculture sector.

“Their campaign promise of $160 million Agri-Food Value Added Investment Fund has disappeared along with their pledge to develop a payment protection program for produce growers,” he said.

Brown said they will be taking a deeper look at the budget over the coming days.

Likes(0)Dislikes(0)
Facebook Find Brockville Newswatch on Facebook