Article contentPrime Minister Mark Carney, during his recent investment summit, announced the federal government will balance its operating budget a year early — in 2027 versus his previous commitment of 2028.Article contentThe problem is that he has redefined what the deficit is by splitting it into two parts.One part, under Carney’s new math, is operational spending — the day-to-day cost of running the federal government.The other, previously included in calculating the deficit, is capital spending on infrastructure financed by public debt, paid by taxpayers, ostensibly intended to increase economic growth.On that issue, Carney has reclassified what are traditionally viewed as...
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