MP Morrison pushes for accountability following federal fiscal update

Kootenay-Columbia parliamentarian says it is time to restart the economy

The federal deficit has grown to a projected $343 billion as the federal government continues to provide financial supports throughout the ongoing COVID-19 pandemic, according to an update from the Department of Finance last week.

The fiscal snapshot, delivered by Finance Minister Bill Morneau, touted the federal response, which includes over $315 billion in COVID-19 support for individuals, families and businesses.

While Kootenay-Columbia MP Rob Morrison noted the necessity of government COVID-19 supports, he added there needs to be accountability in order to ensure funding goes to where it is needed.

“Without having Parliament sitting since March 15, it’s really difficult to drill down and get those answers,” Morrison said.

The federal government suspended Parliament in response to the pandemic, later opting to conduct legislative affairs through a special committee that meets once a week in the House of Commons with reduced capacity and twice a week through video-conferencing.

Morrison added that the increase in the deficit projects the national debt to reach $1 trillion, and criticized the fiscal update for failing to provide a five-year forecast.

“We know we need to do a lot of work and I think it’s time to get the economy restarted,” Morrison said. “It’s time to start rebuilding. Our economy internationally struggles. We need to build more relationships so that we can sell our products internationally and we have some really good products to sell.

“Our energy sector is starving and the tax base surrounding the energy sector is significant, as well as the jobs it creates for helping people living in Kootenay-Columbia.”

According to the fiscal update, 5.5 million Canadians have experienced job loss or reduced hours since March. The update also notes private sector economists are predicting the economy to contract by 6.8 per cent this year, before rebounding by 5.5 per cent in 2021.



trevor.crawley@cranbrooktownsman.com

Like us on Facebook and follow us on Twitter

Want to support local journalism during the pandemic? Make a donation here.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Revelstoke’s forestry museum launches podcasts and new website

One of their summer students is working remotely

Glimpses of Revelstoke’s past for Aug. 6

Chautauqua, CPR strike and destructive fire

Morning Start: The human body contains trace amounts of gold

Your morning start for Friday, August 7, 2020

A variety of art coming to Revelstoke gallery this fall

A members’ show in December will act as a gift market

Roots & Blues announces ticket giveaway ahead of online festival

The festival is streaming free online this year, but those who pre-register can win passes for 2021.

53 new COVID-19 cases, no new deaths cap off week of high infection rates in B.C.

Roughly 1,500 people are self-isolating because they either have COVID-19 or have been exposed to it

Number of Kelowna-linked COVID-19 cases grows to 159

Interior Health reported four new cases region-wide on Friday, 18 remain active

VIDEO: U.S. Air Force pilot does fly-by for B.C. son amid COVID border separation

Sky-high father-son visit plays out over White Rock Pier

3 Vancouver police officers test positive for COVID after responding to large party

Union president says other officers are self-isolating due to possible exposure

New mothers with COVID-19 should still breastfeed: Canada’s top doctor

Dr. Theresa Tam made the recommendation during World Breastfeeding Awareness Week

Collapse of Nunavut ice shelf ‘like losing a good friend:’ glaciologist

The ice shelf on the northwestern edge of Ellesmere Island has shrunk 43 per cent

Police watchdog deems Kelowna RCMP not responsible for man’s death

The man spoke to police after a car crash before leaving on foot; he was found dead six hours later

‘It’s just my job’: Off-duty Peachland paramedic saves choking girl downtown Penticton

Family vacationing in Penticton assisted by off-duty paramedic, who helps save 13-year-old

Central Okanagan adds 3,600 jobs in July: Statistics Canada

The region’s unemployment rate decreased by 0.2 percentage points to 10 per cent in July

Most Read