The Conservative Party has released a costed campaign platform that includes billions of dollars dedicated to tax cuts and military spending as well as plans to lower the deficit by 70 percent through cost-saving measures.
Canada’s deficit would fall from the Parliamentary Budget Office’s projected $46.8 billion in 2025-26 to $14 billion by 2028, a reduction of roughly 70 percent, according to the Tories’ plan. However, the Conservatives would still run a $100 billion deficit over the next four years.
When announcing the platform in Woodbridge, Ont., Conservative Leader Pierre Poilievre said his government would reduce the deficit by cutting spending on bureaucracy, consultants, and foreign aid, while simultaneously “unlocking the power of our resources” to boost economic growth….