Liberals to unveil 2022 federal budget that promises billions in new spending
CTV
The federal Liberals are set to unveil their latest spending plan today that aims to balance promises made to voters in last year's election campaign, in the pact with the NDP, and recently to Canada's global defence allies.
Finance Minister Chrystia Freeland is scheduled to table the budget in the House of Commons this afternoon.
The economy has fared better than anticipated over the past few months, which along with higher prices for oil is expected to pad the government's bottom line and help offset any new spending to be announced.
Outstanding promises from the Liberals' campaign platform amount to about $48.5 billion in net new spending, once taking into account new revenues from things like an expected tax on excess bank profits.
Among the promises are measures aimed at addressing housing affordability concerns that have been rising alongside prices and rent since the September vote.
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