More criticism today of the government's doomed economic and fiscal statement of last week.

The Parliamentary Budget Officer has also looked over the numbers and found a few problems.

Most notably, the PBO pokes a hole in the Conservative argument that the government has already injected plenty of stimulus into the economy.

It is says "the economic impacts of these previously-announced fiscal measures are already reflected in private sector economic forecasts and therefore will not likely provide an additional boost to the economy."

The report goes on to add that the government's moves to tighten its belt and reduce spending could make things worse because it "would have mildly contractionary impact on the Canadian economy."

— James Fitz-Morris