Canadian News Apr 19, 2021 1:46 PM EST

Trudeau Liberals to spend $2 BILLION on childcare, deficit will be capped at $400 billion

Trudeau's Liberal Party will likely campaign on this budget, daring the Conservative Party to criticize it.

Trudeau Liberals to spend $2 BILLION on childcare, deficit will be capped at $400 billion
Nico Johnson Montreal, QC
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The Trudeau government will introduce their first budget in over two years, with a sizeable chunk of money being sent towards childcare.

Trudeau's federal budget will contribute over $2 billion for childcare, although the Liberals have promised that the deficit will not exceed $400 billion, according to CBC News.

There will be a national childcare program, although experts predict that the $2 billion figure could quickly rise. This childcare expenditure will likely be amplified as the most important piece of this budget.

On top of this, the Liberal Party will likely campaign on this budget, daring the Conservative Party to criticize it.

It is unclear whether the Trudeau government will pull back spending after the unsustainable pandemic deficits. Senior officials within the government have often used the term "build back better," which has led some to infer that the Liberals may plan to spend their way out of an economic crisis.

It is very unlikely that Canadians will see any austerity measures announced.

Trudeau's Finance Minister Chrystia Freeland will also provide a $12 billion extension to the Canada Emergency Wage Subsidy, with other pandemic support programs being stretched out until the end of summer.

Another 70 to 100 billion dollars will be distributed to alleviate the suffering of an unstimulated economy.

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