Economy Budget

Run short-term deficits of less than $10 billion in each of the next two fiscal years (2016 and 2017).

Liberal Platform (Page 12) October 5, 2015
Mar 2017

Federal budget 2017: Trudeau government projects $28.5 billion deficit in 2017-2018

Global News | March 22, 2017

Finance Minister Bill Morneau’s second budget projects shortfalls of $23 billion for 2016-17, $25.5 billion next year and $24.4 billion in 2018-19, not including a $3 billion contingency fund – forecasts that have each shrunk between $1.5 billion and $2.1 billion since the fall.

Later in the outlook, the annual deficits are expected to be little bigger than previously thought. But the government once again failed to outline a plan to return the books to balance, which it promised to do in its 2015 election platform.

Mar 2016

Ottawa forecasts $29.4B deficit - with lots more red ink to come

CBC News | March 22, 2016

The Liberal government unveiled its first federal budget on Tuesday, an outline of the new government’s spending projections that’s awash in big plans — and big deficits.

Ottawa plans to spend almost $30 billion more than it takes in this coming fiscal year, a big jump from the $5.6 billion deficit for the current year straddling the previous Tory and current Liberal governments.