The budget, tabled in the House of Commons on Tuesday by Finance Minister François-Philippe Champagne, includes a deficit of $78.3 billion, nearly twice what was projected in Ottawa’s fall economic statement and nearly $10 billion higher than projections from the parliamentary budget officer in September. The budget also includes nearly $90 billion in new spending over the next five years.

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The Liberal government intends to continue running deficits in the coming years, but said the amounts will decrease to $56.6 billion by 2029-30.

Jason Chil

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