Takeaways from the Liberals’ first economic update as a majority
The Liberals have announced a spring economic update detailing $54 billion in new spending over the next six years. This includes a $6 billion investment aimed at boosting employment in the trades and increased funding for sports. The update also projects a deficit of $66.9 billion for the 2025-26 fiscal year, which is an improvement from previous estimates.
- ▪The economic update outlines $54 billion in new spending over six years.
- ▪$6 billion is allocated to boost employment in the trades.
- ▪The projected deficit for the 2025-26 fiscal year is $66.9 billion, an improvement of $11.5 billion from earlier projections.
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Open this photo in gallery:Finance and National Revenue Minister Francois-Philippe Champagne holds up the book of the spring economic update as he delivers it in the House of Commons on Parliament Hill in Ottawa on Tuesday.Sean Kilpatrick/The Canadian PressShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountListen to this episode by clicking above or subscribe to The Decibel on your favourite podcast app or platform: Apple Podcasts, Spotify, Amazon Music, iHeartRadio, Pocket Casts and YouTube.The Liberals’ spring economic update lays out $54-billion in new spending over six years, including $6-billion towards boosting employment in the trades and more money for sports.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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