The deficits to fiscal year 2020-21 will total $118.6 billion.
Of the $4 billion earmarked for 2016/17, only $1.6 billion will go to public transit and other municipal infrastructure.
The $5.4 billion projected deficit in 2015/16 is driven by higher spending—not a weak economy.
At $29.4 billion, the projected budget deficit in 2016/17 is larger than the cumulative budget deficits projected for the entire mandate in the Liberal platform.
Reforming OAS so that high-income seniors receive fewer benefits could produce cost-savings to pay for increased benefits to vulnerable seniors.
It’s fairly clear that most of the budget's ‘infrastructure’ spending is not aimed at improving Canada’s roads, bridges and highways.
The whole country (except Nunavut) will be encouraged to over-invest in public transit since, under the cost-sharing formula, new dollars will only cost 50 cents.
By 2017/18 spending will be up by $50 billion from 2014/15, representing a jump of 20 per cent.
In the Liberal budget, only 0.2 per cent of the $8.4 billion designated for Aboriginal people is for skills and employment training.
For the most part, the government did not decide to reform or cut low-priority spending or ineffective programs.