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This R&D provides resources on Canada’s budget, the first under Prime Minister Justin Trudeau. Departing from the austerity measures of former Prime Minister Stephen Harper, Trudeau’s budget calls for a $22.5 billion deficit, three times what was initially promised during the 2015 campaign. The arts, indigenous education, and benefits for veterans received a boost, but new military spending has been delayed. Like other oil exporters, Canada is attempting to weather a significant reduction in global oil prices and if this continues over the long-term it could force Trudeau’s Liberal government to trim spending in future years.
Canada’s Liberals budget for deficit three times higher than they promised https://t.co/9dOzsgBbhy
— The Guardian (@guardian) March 22, 2016
Jack Mintz: Liberals’ budget hikes pressure on Canada’s dangerous debt bomb #business https://t.co/YRkhXhp9eg pic.twitter.com/bIGbCB1P1H
— National Post (@nationalpost) March 22, 2016
5 ways Canada’s Finance Minister can find tens of billions of dollars for his budget https://t.co/7T3RMNU372 #canlab pic.twitter.com/cCnsJwtsz7
— PressProgress (@pressprogress) March 21, 2016