Conservatives’ Costing Plan Aims to Cut Deficit by 85% Over Next 5 Years

Conservatives’ Costing Plan Aims to Cut Deficit by 85% Over Next 5 Years
Conservative leader Erin O'Toole and Liberal leader Justin Trudeau smile during the French-language leaders debate, on Sept. 8, 2021 in Gatineau, Que. The Canadian Press/Justin Tang
|Updated:

The Conservative Party released a costing for their 2021 election platform on Sept. 8, committing to reduce the federal budget deficit without cutting government programs.

The Conservative’s costing plan aims to reduce deficit by 85 percent, from $168 billion this year to under $25 billion in 2025-26. According to the plan, Conservative platform promises would first add $30 billion to this fiscal year’s projected budget deficit of $138.2 billion. The deficit would then be reduced year-by-year thereafter.