Canada’s ruling Liberal Party has offered billions of dollars in additional investments before election
Canada’s ruling Liberal Party has offered billions of dollars in additional investments before election in the weeks leading up to a federal election, as the party tries to gain support amid a tight race and recent Conservative advances.
During a news conference in Toronto on Wednesday, Liberal leader Justin Trudeau announced the party’s election policy, promising 78 billion Canadian dollars ($62 billion) in new spending over five years, with a focus on health care.
The expenditures would be largely offset by more than $25 billion in new revenues, mostly from a greater tax on bank and insurer profits and tackling tax avoidance, according to the party. During Tuesday’s unveiling of the plan, entitled Forward For Everyone, Trudeau said, “We have a plan to move forward for everyone on health, housing, child care, and climate.” The new expenditures, which will be stretched out over five years from 2021 to 2026, are in addition to the 101 billion Canadian dollars ($81 billion) in additional spending approved earlier this year in a budget.
The Liberals squandered a large portion of their budget on policy to protect residents and businesses against the COVID-19 epidemic, causing the national debt and budget deficits to reach new highs. Trudeau dodged concerns about when the budget would be balanced on several occasions.
“I believe budgetary responsibility is important. He stated, “I believe it is important to live within our means.” “I believe it is equally important to make the appropriate investments in order for future generations to prosper.”
On the presidential campaign, Trudeau has confronted angry protests and was forced to abandon an event in Ontario last Friday due to safety reasons after an audience of anti-vaccine and anti-masking demonstrators showed up.
Irate demonstrators reportedly demonstrated at a second Trudeau campaign event in Ontario during the weekend, “shouting obscenities, screaming murder threats against the prime minister and hurling racist and misogynist remarks at people of color and women in his protective detail”.
