The Liberal Party of Canada is promising nearly $130 billion in new measures over the next four years that, when combined with existing spending, will add $225 billion to the federal debt.
In the fall economic statement, the Liberal government of former prime minister Justin Trudeau projected the deficit over the next four years to be $131.4 billion.
“Let’s be absolutely clear, this is not a normal fall update, budget lockup,” Liberal Leader Mark Carney said during a campaign stop in Whitby, Ont., on Saturday. “We are in the middle of the biggest crisis of our lifetimes.
“This is a plan that meets that moment in a way that is very prudent with peoples’ hard-earned tax dollars but bold in terms of where this country can go.”
One of the…
