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  1. Trudeau government employs spend it if you have it (and more) fiscal policy

    Federal program spending will reach a projected $321.5 billion next year—up 22.2 per cent since 2015. ...

  2. Two fiscal freight trains hurling toward Ottawa

    The annual deficit from a recession could increase from its current level of $19 billion to almost $50 billion. ...

  3. Federal infrastructure spending—a mess of delays and misguided priorities

    Appeared in the Globe and Mail, April 27, 2018 In 2015, the Trudeau government came into office on the promise of running small annual budget deficits of no more than $10 billion for three years to finance new spending on infrastructure projects that ...

  4. Canadian household debt concerns are overblown

    Once again, alarms are sounding about the level of household debt in Canada. A recent Financial Post story highlighted reports by both Equifax Canada and the Swiss-based Bank of International Settlements (BIS) about the growing household ...

  5. Ottawa using bounty of robust growth to simply boost spending

    The recently-released 2018 federal budget calls for growth in both spending and revenues. Between 2017-18 and 2022-23, total revenues are forecast to grow from $309.6 billion to $373.9 billion—an increase of 21 per cent. After a three ...

  6. 2018 budget—another nail in the coffin of Trudeau’s balanced budget promise

    While campaigning for the 2015 election, then-candidate Justin Trudeau made a commitment to Canadians, pledging three years of modest budget deficits of no more than $10 billion, with a balanced budget by the end of his first mandate in ...

  7. Trudeau government can keep campaign promise with relatively small spending cut

    Appeared in the Globe and Mail, February 23, 2018 During the 2015 federal election campaign, Prime Minister Justin Trudeau promised that his government would run modest budget deficits—no more than $10 billion annually—and balance the federal budget by ...

  8. Federal budget an opportunity for Ottawa to change big spending ways

    Since coming into office, Prime Minister Justin Trudeau’s government has markedly increased spending, contributing to larger-than-promised budget deficits with no end in sight. Next week’s federal budget is an opportunity to change ...

  9. Back on Track: How the Federal Liberals Can Deliver Their Promised Balanced Budget by 2019/20

    Main Conclusions During the 2015 federal election, Justin Trudeau’s Liberals presented a fiscal plan to Canadians that proposed three years of deficit spending of no more than $10 billion annually with a return to a balanced budget by 2019/20. After ...

  10. Federal finances vulnerable to economic slowdown due to deficits

    Upon assuming power, the Trudeau government immediately increased budgeted federal program spending by $8.1 billion over 2015-16 to 2019-20. ...