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Federal deficit on track to exceed $381B, as spending increases in wake of second COVID-19 wave

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Federal deficit on track to exceed $381B, as spending increases in wake of second COVID-19 wave

SBN Editor

Published on December 1, 2020

The federal government is unveiling a new round of financial supports to respond to the second wave of the COVID-19 pandemic in Canada, as the latest projections show the national deficit is projected to hit a new high: at least $381.6 billion this fiscal year.

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Liberals plan to spend $100B to jolt post-pandemic economy after posting record $381B deficit

Opposition parties signal they will not support the Liberals’ spending plans. Is an election next?

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