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Canada election: Liberal election platform promises $78B in new spending, no plans to balance budget

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The Liberal re-election platform released today includes $78 billion in new spending, more than three times the direct new revenues promised over the next five years.

The 82-page document includes all of the announcements Trudeau has made to date on $10-a-day child care, new mental health transfers to the provinces, climate change and housing.

The platform cost would add $70 billion to the federal debt over the next five years, but the Liberals say the debt-to-GDP ratio would be lower under this platform than was projected in last spring’s budget.

David Akin joins us now to break down what new spending Trudeau is proposing.

For more info, please go to https://globalnews.ca/news/8158111/liberal-platform-canada-election-2021/

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Category
U.S. & Canada
Tags
global news, Canada, Canada election
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