Canada Election 2025: Mark Carney’s Liberals spent $ 130 billion on defense, housing, tax deduction

Prime Minister of Canada Mark carney Unveiled Liberal Party on Saturday “platform“(Election Declaration) For the federal election is scheduled for 28 April.
Also read Canada Election 2025 explained: Who is running, who can vote, what to see and why it matters
“In a crisis, you need a plan. Here is mine,” he posted on social media platform X.
Liberals, who have been in power since 2015, and its political rivals have been announcing big expenses and taxes throughout the campaign. However, Carney, who succeeded Justin Trudeau in March, and the leaders of the rival parties went into the debate of the leaders before releasing the platforms, who would explain how their promises would be funded.
The election document of Liberals comes a day after advance voting for the federal election. Initial voting will be held by Monday.
Liberal party election platform
According to globe and mail, Liberal election stage There are some items for which the expenditure was not announced. However, most of the vows were mentioned during the campaign.
The platform prepares an outline of about 130 billion dollars in new expenses in four years; Defense and housing with tax cuts are among the largest items.
Another $ 28 will be spent on “undefined” sources according to the document.
While the document says that the GDP ratio deficit will decrease by 1.36 percent in 2028-29, it does not make any adjustment for trade effects. However, $ 20 billion was slapped on the United States, which was the United States, in the requisite revenue for the current financial year from the Canadian-Lagged counter-tariff. Has been included. The party has said that revenue from the new tariff will be used to support affected workers and businesses.
The platform also breaks the expenditure in two categories – operating and capital – and, for the current financial year, it shows a loss of $ 9.2 billion in operating expenses, which said that it will become a small surplus by 2028–29 financial years.
In the newly elevated promises, IVF has a vow to make in vitro fertilization (IVF) plan to provide up to $ 20,000 for the single standard cycle of treatment.
There is also a promise to reach the target of spending 2 percent of GDP on defense by 2029-30 financial year.