The Liberal Party of Canada has thrown all caution to the wind. The newest federal budget includes massive new spending in nearly all realms imaginable.
The measures in Morneau’s blueprint cover a lot of new ground, with a clear focus on individuals — particularly younger adults as opposed to businesses. As outlined by National News Watch:
— $4.6 billion over five years to help more Canadians afford and access skills training to keep up with the rapidly evolving workforce
— $4.5 billion over five years to improve living conditions for Indigenous Peoples
— $1.8 billion over four years to enhance the guaranteed income supplement for low-income seniors
— $885 million over five years to make homes more affordable for first-time buyers
— $500 million per year, starting in 2022-23, to help cover the cost of drugs for rare diseases.
There will also be several one-time investments due for 2019, including $2.2B for infrastructure funding, as well as $1B towards energy efficiency.
On the other side of the aisle, the Conservative Party have criticized the Liberals heavily for breaking their promise of having the budget balanced by this year. The Conservatives have also demanded that Finance Minister Bill Morneau map out a return to balanced books. They’ve accused the government of borrowing today on the backs of future generations.
On the new spending in the budget, Scheer warned that Canadians will have to pay for it through higher taxes if Trudeau is re-elected.
“Conservatives will fight to bring fiscal responsibility back to this country,” he said.
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