Trudeau ends term with double-digit deficit and officially fails balanced budget promise

It seems the budget did not balance itself.

This article was published more than 1 year ago, information might not be accurate.

Ali Taghva Montreal, QC

The 2018-2019 fiscal year has ended for the finance department, and surprise, Canada’s deficit has not been wiped, instead, the nation has been left with a $14 billion deficit.

While the Liberal party promised to balance the budget by 2019, their most recent statements put that far past the government’s potential second term with Canada maintaining a $9.8 billion deficit in 2023-2034.

The Parliamentary Budget Office, a non-partisan organization, believes the earliest budget will be balanced is 2027 or 2028.

While these dates are far past the original promises made by the Trudeau government the likely balance date will be even further should they win another term as more spending promises have been made since the release of the reports.

Join us!

We’re independent and can’t be cancelled. The establishment media is increasingly dedicated to divisive cancel culture, corporate wokeism, and political correctness, all while covering up corruption from the corridors of power. The need for fact-based journalism and thoughtful analysis has never been greater. When you support The Post Millennial, you support freedom of the press at a time when it's under direct attack. Join the ranks of independent, free thinkers by supporting us today for as little as $1.

Thank You!

Support The Post Millennial
Accepted payment methods: Visa, Mastercard, American Express  and Paypal
Ali Taghva
Join The Discussion