Voters, including Liberals, say they want to see a plan to get back towards balanced budgets.

The federal deficit is forecast to hit $343 billion this year.

If Liberals don't rein in spending, they must either raise taxes or cut services, warns the budget watchdog.

Budget officer Yves Giroux previously estimated the federal deficit at $252.1 billion this fiscal year on account of a sharp increase in spending on emergency aid and a subsequent drop in economic activity related to the COVID-19 pandemic.

Latest fiscal update showed the deficit is on track to deepen by billions of dollars.

Anyone looking for a plan back to balanced budgets is likely to be disappointed with Finance Minister Bill Morneau’s 2018 fall fiscal outlook.

Tuesday afternoon, the Liberals announced some good financial news; they will receive an extra $46.6 billion in revenue over the next five years.

But despite the economy's surprisingly strong performance in early 2017, the government still isn't expected to provide a timeline to bring the federal books back to balance.

According to Tuesday's budget, the Liberals have no intention of balancing the budget anytime soon.