Budget Projects and the Liberals

Liberals: The Liberals also promised to run up deficits of no more than $10 billion a year before returning to balance in the fourth year of their mandate, according to Huffington Post Canada. Instead, Tuesday budget projects $113.2 billion in red ink over the next five years, including a $29.4-billion deficit in 2016-17, $29 billion the following year and almost $23 billion in 2018-19. Kicking off a promotional blitz Wednesday to sell the big-spending budget, the prime minister insisted the budget delivers the investments that Liberals promised to get the stagnant economy growing again. "That was a very clear commitment we made and that exactly what we've done," he told CBC radio Ottawa morning show. Justin Trudeau poses with Minister of Finance Bill Morneau as he arrives to table the budget on Parliament Hill, March 22, 2016 in Ottawa. It does not specify a date for returning to balance. That what Canadians told me we needed and we were going to do it responsibly and that exactly what we've done," he said. "Unlike what the Conservatives have been doing ... trying to cut our way to prosperity, we know we need to invest to get to prosperity. But Trudeau disputed suggestions that he broken a core campaign vow, saying it "not true" that his government will pile up a deficit three times larger than promised. "The promise I made was to invest in the future of this country. (www.immigrantscanada.com). As reported in the news.