More competent, at what?

More competent, at what?

It is a general impression that Carney government is more competent than Trudeau’s. But competent at what?

According to a recent commentary, Carney government now separate government spending into two categories: “operating spending” and “capital investment”. The government achieves budget balance with “operating spending”. This creates a fa?ade of fiscal responsibility. The “capital investment” however is the real deficit. This is a standard trick in creative accounting in corporate finance. Carney, being a competent banker, apply the same trick to government budget.

The commentary can be found at

https://www.fraserinstitute.org/commentary/pulling-back-curtain-carney-governments-first-budget