The Tuesday news briefing: An at-a-glance survey of some top stories
Highlights from the news file for Tuesday, June 27
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LIBERALS INHERITED $18B BUDGET DEFICIT FLOOR, TRUDEAU SAYS: Prime Minister Justin Trudeau is arguing that his government has been sticking to its spending vows after entering office with a budgetary starting point of negative $18 billion. Speaking to reporters Tuesday, Trudeau said the Liberals were consistent with their election pledge to spend about $10 billion in 2016-17, their first full year in office. He says the Liberals came to power in late 2015 with a baseline deficit of $18 billion even though their Conservative predecessors had predicted a balanced budget. The Trudeau government has been criticized for its budgetary outlook that projects several years of deficits, including a $23-billion shortfall for 2016-17. Trudeau says the government is focusing on making investments to lift the economy and he vows to remain fiscally responsible when it comes to spending. The prime minister also once again sidestepped a question on when Ottawa would balance its books. The latest federal budget does not project when Ottawa will eliminate the deficit and predicts shortfalls across its outlook until 2021-22.
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