Published
With a lower-than-expected deficit, the federal government has announced it will commit $28 billion in new spending over six years.
In April, Canada's deficit was originally projected to balloon up to $155 billion. Now, thanks to a stronger economy, it looks like it could have been as low as $116 billion.
But rather than bring down the deficit as low as possible, Ottawa's new spending plan means 2021's deficit will be about $145 billion.
David Akin explains where the money is going, and why Ottawa thinks it has enough wiggle room.
For more info, please go to https://globalnews.ca/news/8451351/chrystia-freeland-covid-19-budget/
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In April, Canada's deficit was originally projected to balloon up to $155 billion. Now, thanks to a stronger economy, it looks like it could have been as low as $116 billion.
But rather than bring down the deficit as low as possible, Ottawa's new spending plan means 2021's deficit will be about $145 billion.
David Akin explains where the money is going, and why Ottawa thinks it has enough wiggle room.
For more info, please go to https://globalnews.ca/news/8451351/chrystia-freeland-covid-19-budget/
Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews
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- U.S. & Canada
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- global news, Canada, Canada spending
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