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Liberal platform promises $130B in new spending over 4 years, adding $225B to federal debt

  • The Liberal Party proposes $130 billion in new spending over four years, which is set to add approximately $225 billion to the federal debt.
  • Both Liberal Leader Mark Carney and the platform project a deficit of $62.3 billion for the current fiscal year, decreasing annually until reaching $48 billion in 2028-29.
  • Conservative Leader Pierre Poilievre criticized the Liberal platform, claiming it would lead to inflation due to large deficits and asserting that Carney's budget plan is irresponsible.
  • NDP Leader Jagmeet Singh expressed concerns over potential cuts in health care and services, stating that massive cuts at a time of potential recession are not needed.
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Bias Distribution

  • 39% of the sources lean Left
39% Left

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City News broke the news in Toronto, Canada on Saturday, April 19, 2025.
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