OTTAWA — Liberal Leader Mark Carney’s government plans to spend $130 billion over the next four years without a timeline to balance the budget, according to a recently released platform. Key investments include $18 billion in defense, $6.8 billion for a nation-building fund, and significant gender and equity-related spending, contributing to a projected $1.4 trillion deficit, offset by increased penalties and a one-time tariff revenue of $20 billion. The platform promises modest surplus by 2028-29 but lacks specifics on a new budgeting system intended to differentiate government program spending from capital investments.
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