Economy Budget

Return to a balanced budget in 2019.

Liberal Platform Page 12 October 5, 2015
Mar 2019

Federal budget 2019: Deficit to rise as Liberals unveil $22.8-billion in new spending aimed at seniors, young Canadians

The Globe and Mail March 19, 2019

The Trudeau government’s fourth budget unveiled $22.8-billion in new spending across more than a hundred different areas as the Liberals aim to win the support of key voters ahead of the fall election campaign.

During the 2015 election campaign, then-Liberal Leader Justin Trudeau said he would run short-term deficits of no more than $10-billion a year to stimulate a sluggish Canadian economy, but vowed to balance the books by the end of his first mandate. The budget confirmed that his promise will not be kept.

Jun 2017

Justin Trudeau refuses to set date for balancing the budget

Global News June 18, 2017

Prime Minister Justin Trudeau will not tell Canadians when – or even if – he will bring Canada's books back to the black.

Given several opportunities in a one-on-one interview, Trudeau chose to justify the Liberal government’s spending rather than say whether he has a plan to eliminate Canada's growing deficit.

Asked how investing in infrastructure, for example, precludes him from saying when the books will be balanced, Trudeau suggested the investments create a lot of moving parts but will, inevitably, grow the economy "in a significant way."

Even though it's not looking promising, this promise cannot be marked as broken just now but will be updated accordingly in the spring of 2019 when the 2019 Federal Budget is released.