Finance Minister Bill Morneau says that his budget projects a $20 billion deficit next year, followed by $15 billion in 2022-23.
This goes against a 2015 promise the Liberals made. Trudeau indicated during the election campaign that the Liberals would run “modest” deficits in the first three years of their government, before returning to a balanced budget in 2019.
The budget announcement comes in the midst of the SNC-Lavalin controversy which, according to some national polls, has put a dent in Liberal support.
Morneau’s actual speech in the House of Commons was delayed due to heckling by opposition parties.
The opposition Conservatives and NDP have objected to the Liberals decision to limit former Attorney General Judy Wilson Rayboulds testimony regarding the SNC-Lavalin affair.