There has arguably never been a better time for governments to
finance infrastructure spending.
In contrast, there are considerable opportunities to find savings on the revenue side to
finance infrastructure spending.
In the 2015 election, Trudeau ran on an economic platform that touted deficit -
financed infrastructure spending and a boost in federal benefits for families with kids.
Not exact matches
Prime Minister Justin Trudeau and
Finance Minister Bill Morneau invoked the IMF's new thinking on deficits to justify their decision to borrow heavily to finance tax cuts and infrastructure sp
Finance Minister Bill Morneau invoked the IMF's new thinking on deficits to justify their decision to borrow heavily to
finance tax cuts and infrastructure sp
finance tax cuts and
infrastructure spending.
State Sen. Dave Lewis, a former Montana budget director who now leads the
Finance Committee, said he would use his influence to make sure the windfall is used for one - time
spending, such as on buildings and
infrastructure.
«Since Sir John A. Macdonald laid a railway across a continent,
infrastructure has been both an immediate response to an urgent need and a hopeful act of nation building,»
Finance Minister Jim Flaherty said, casting deficit
spending as a proud part of Canada's heritage.
«Increased government
spending, particularly more
infrastructure investment
financed primarily by higher taxes on the well - to - do, acts as an economic stimulant.»
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Expect a lot of «clever» talk and «imaginative» ideas about how to
finance new
infrastructure spending, without the words
infrastructure «deficit» and «debt».
We have made this same case for deficit
financing of
infrastructure spending in previous commentaries (March 12, 2014).
Cities across Canada should consider new and innovative approaches to
financing their share of
infrastructure spending, according to a new C.D. Howe Institute report.
What is emerging is a widening «fiscal divide» between a federal government with its diminished size and sound
finances, and provincial governments with growing fiscal imbalances resulting from growing
spending pressures (e.g., for health, education,
infrastructure) and slowing economic growth and revenue growth.
The only time this has happened in history for a three year period or more was during World War II, when we were obviously printing enough money to
finance a lot of deficit
spending on
infrastructure and public programs.
If, before the stimulus, government
finances were in good shape, as was the case in China, then stimulus does indeed stimulate: The modest budget deficit that it causes is easily
financed, and the extra
spending creates some jobs and maybe some useful
infrastructure, depending on how well targeted it is.
David and his team have
spent the last eight years building a globally connected
infrastructure for seed - stage
financing.
From: Benjamin Dachis To:
Finance Ministers across Canada Date: July 12, 2017 Re: How to Kickstart the
Infrastructure Spending Boom Governments across Canada are planning one of the largest...
The Liberals embraced the recommendations of many economists, including ourselves, that with a sustainable fiscal situation, they could strengthen long - term economic growth by undertaking
infrastructure spending financed by borrowing at historically low interest rates.
A Ranking Member of Parliament's
Finance Committee and New Patriotic Party (NPP) Legislator for Old Tafo, Anthony Osei Akoto, also said the unhealthy fall in
spending for
infrastructure was bad.
Unshackle Upstate's Brian Sampson says in a TU OpEd that state taxpayer dollars slated for a public campaign
finance system would be better
spent on repairing aging
infrastructure, expediting ongoing storm recovery efforts, restoring the Gap Elimination Adjustment, or providing tax relief for struggling middle - class families.
And yet no government has really solved the problem of how to
finance the
infrastructure we need within the public
spending constraints we have.
He promised # 30bn in extra in
spending on public services in Scotland and # 40bn on
infrastructure over the next decade,
financed by heavier taxes and borrowing.
The blueprint would shift $ 4 million above current
spending levels to state revolving funds and $ 20 million to the Water
Infrastructure Finance and Innovation Act program.
The Summit will focus more particularly on innovation, developing new carbon markets and mechanisms, greening
finance, brown to green
infrastructure spending and de-risking and crowding in
finance.
With the new President pledging to
spend $ 1 trillion over ten years on
infrastructure projects backed by bi-partisan Congressional support, private opportunities for developing and
financing this
infrastructure buildout will open up.