OTTAWA — Canada’s federal budget deficit will be billions of dollars deeper than it was supposed to be this year and next, the Finance Department says, as the Liberals promise to keep spending to keep the economy humming.
The question is how much more of that spending the treasury can handle.
The figures released Monday morning show that the Liberals’ projected deficit of $19.8 billion for this fiscal year, a 12-month period ending in March, is now slated to hit $26.6 billion. And next year’s deficit is expected to be $28.1 billion, before accounting for promises the Liberals will unveil in their 2020 budget
Conservative response by Pierre Poilievre .