Global National
March 22 2016 7:39pm

Federal budget 2016: Liberal government projects $29.4B deficit

Tue, Mar 22: The Liberal government’s maiden federal budget includes billions in new spending on Aboriginal Peoples and veterans, a revamped Canada child benefit and changes to employment insurance to soften the blow of a flagging economy. But it comes at a cost: Finance Minister Bill Morneau is projecting a $29.4-billion deficit this year – three times the promised $10 billion shortfall – and a $17.7-billion deficit in 2019-20, the year the budget was supposed to be balanced. Jacques Bourbeau reports.

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