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.
