A major spending add were costs for the federal carbon-pricing plan, totaling more than $1.5-billion between now and 2022, though the fall update stated that such figures are likely to be lower due to accounting revisions and the fact that revenues from fuel charges are to be returned to the provinces where the federal backstop applies.
Projections on annual deficits between 2019-20 and 2022-23 will be between $600-million and $1.9-billion higher than forecasted in last February’s budget, according to Finance Minister Bill Morneau's fall economic update. The Hill Times file photograph by Andrew Meade
The Liberal government is forecasting bigger deficits in the near future as the country heads closer to an election in which big government spending is expected to be a hot-button issue.
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Peter Kent says Canada's campaign for a seat on the UN Security Council is a 'possible, even, likely motivation' for a vote supporting a pro-Palestine, anti-Israel resolution last month in the UN General Assembly.
The estimates include $44-million for Phoenix damages, $131.9-million towards reconciliation on Indigenous rights and fisheries issues, and $9.9-million for the Canadian Accessibility Standards Development Organization.