The Liberal government tabled its spring fiscal update on April 28, and it contains billions in new spending along with non-budgetary measures such as giving police the power to intercept mail.
With a newly gained majority, the Liberal government will face no obstacle to pass the budget.
Here are some takeaways from the Spring Economic Update.
Deficit Update
The update provides a more optimistic short-term deficit outlook compared to Budget 2025, stating that the projected deficit for 2025–26 will be $66.9 billion rather than the $78.3 billion projected in last November’s budget. The reduction is due in part to increased revenues from surging oil prices….