The Liberals ran three years of deficits totalling $51.9 billion, more than double the amount promised during the campaign.
federal budget
January 19, 2021
9:58AM
January 13, 2021
9:25AM
Ottawa expects the federal deficit to reach $381.6 billion in 2020/21.
December 3, 2020
3:49PM
Eliminating the entire equalization program this year would reduce the federal deficit by only 5.4 per cent.
December 2, 2020
10:43AM
Up to $22.3 billion of income stabilization spending was likely wasted or poorly targeted.
November 27, 2020
6:21PM
This government has not released a long-term forecast of spending, taxation and borrowing since 2018.
November 5, 2020
10:06AM
The Trudeau Liberals initially promised to run deficits for three years to finance spending increases.
September 23, 2020
2:02AM
As the baby boomers continue to retire, the proportion of working Canadians will also decline.
August 19, 2020
3:44PM
The federal budget deficit in 2020-21 will be the largest in Canadian history.
July 2, 2020
11:49AM
The CERB is now estimated to cost $61.1 billion compared to the original estimate of $40.6 billion.
June 30, 2020
4:13PM
Between the early 1970s and the mid-1990s, the federal government ran a deficit every year.