Budget watchdog slams Carney’s made-up definition of capital
The Parliamentary Budget Officer testified that Carney's "very broad" definition of capital isn't recognized by any other economy in the world.
The Parliamentary Budget Officer is calling out the Carney government, testifying that its “very broad” definition of “capital” for investment and spending is unique to Canada and not recognized by any other economy in the world.
“We are unaware of any advanced jurisdictions that would define capital in that way,” Jacques told the Standing Committee on Government Operations and Estimates on Tuesday.
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