Chrystia Freeland put out the bunting after her April 16th budget.

The fiscal plan had three targets or “guideposts”: keeping the deficit below $40 billion in 2023/24; lowering the debt-to-GDP ratio in the current fiscal year, compared to last fall’s financial statement; and keeping deficits below one per cent of GDP in 2026/27.

With the stroke of her pen, Freeland proclaimed victory.