Budget 2018 comes with $6-billion in new spending and projected $18 billion deficit
By Jolson LimFeb. 27, 2018
The Liberals’ third federal budget since assuming power in 2015 was tabled in the House of Commons on Tuesday afternoon, and follows the major plot points of previous spending plans: more spending on social programs and infrastructure, and multibillion-dollar deficits without any clear path to return to the black.
Finance Minister Bill Morneau addresses reporters at the 2018 budget lockup in Ottawa on Feb. 27. The Hill Times photograph by Andrew Meade
Despite strong economic growth and surging employment numbers, the Trudeau government is calling for $6.3-billion in new spending in the 2018 budget and projecting an $18.1-billion deficit for the upcoming fiscal year.
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On top of $301.8-billion in planned spending in the 2019-10 main estimates—combining $299.6-billion in budgetary spending and $2.2-billion in non-budgetary expenses—is another $51.2-billion in statutory expenses.
‘Imagine losing your job, getting fired, but you’re fired by basically your entire riding and your whole life has been serving these people, and there’s just a lot wrapped up in it:’ Tory House leader Candice Bergen.