In this post, Canada Fact Check takes a look at five key issues facing the newly elected Trudeau government for the period leading up to, and including, the early-Spring budget.
The new Liberal government’s top priority will be to quickly implement its high profile infrastructure program.
Trudeau says a Liberal government will run deficits for three straight years and will double spending on infrastructure to stimulate economic growth.
According to a Liberal policy paper, the Liberal fiscal plan would see “a modest short-term deficit” of less than $10 billion for each of the first three years and then a balanced budget by the 2019-2020 fiscal year.
The policy paper suggests that over the next decade the Liberals would spend $125 billion on new infrastructure investment — about twice the amount the Conservatives had committed for infrastructure. Much of this new infrastructure would be financed through a new Canada Infrastructure Development Bank.
Liberal infrastructure investments would focus on three areas: public transit, social infrastructure such as affordable housing and child care, and environmental projects like clean energy.
Projects funded would reflect the priorities of the provinces and municipalities. Continue reading