The 2015 Liberal platform said they would balance the budget in 2019 and have a $1 billion surplus. WIthout the budget balancing itself, $18.1B is the projected deficit for 2018-19.
Never has a government spent so much and accomplished so little.
Without the budget balancing itself, the 2015 Liberal platform went from a balanced budget in 2019 and have a $1 billion surplus to $18.1B projected deficit for 2018-19.
<blockquote class=”twitter-tweet” data-lang=”en”><p lang=”en” dir=”ltr”>Holy shit. <a href=”https://t.co/46FadteYJA”>https://t.co/46FadteYJA</a></p>— Michelle Rempel (@MichelleRempel) <a href=”https://twitter.com/MichelleRempel/status/968597234177601536?ref_src=twsrc%5Etfw”>February 27, 2018</a></blockquote>
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Budget 2018: Highlights from the CBC
- Finance Minister Bill Morneau has tabled his third budget. Here is a look at the highlights, new measures and key numbers:
$21.5B in new spending over 6 years, including the fiscal year just ending.
- $18.1B projected deficit for 2018-19 (including $3B for risk), falling to $12.3B by 2022-23.
- $750M over 5 years to improve cyber security.
- $231M over 5 years to address the opioid crisis, including $165M this year.
- 5 weeks extra leave for two-parent families under the EI Parental Sharing Benefit (June 2019).
- Legislation promised this year on federal pay equity – but no price tag yet.
- $172.6M more over 3 years for clean drinking water on reserves.
- $1.4B over 6 years in new funding for First Nations Child and Family Services.
- $2B over 5 years in additional foreign aid under the Feminist International Assistance Policy.
- $10M over 5 years for an RCMP unit to review 25,000 cases of sex assault deemed “unfounded.”
- $1.3B over 5 years to conserve land, waterways and wildlife and protect species at risk.
- $100M over 5 years to develop rural broadband innovation, including low-earth-orbit satellites.
- New judges – 6 for Ontario, 1 for Saskatchewan – and more money to help ease court backlogs.
- $173M to address irregular border-crossings and asylum seekers.
- $6M for a new process to hold federal leadership debates during election years.
- $50M over 5 years to one or more independent organizations to support local journalism.
- $30M over 3 years to promote women and girls’ participation in sport.
- Free admission for kids to national parks will be made permanent.
- Creation of advisory council on implementing national pharmacare – but no money yet.
Source: Government of Canada, CBC