Canada's Deficits Rise to $90 Billion

This is a Canada news story, published by financialpost, that relates primarily to The Liberal Party news.

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NATO defence spending target

financialpost

•

World

Expect higher deficits to meet Canada's 5% NATO defence spending target

Summary

Nutrition label

63% Informative

The federal government is expected to table a budget in the fall.

The Liberal Party election platform in April promised $130 billion in net new spending over four years .

Since then, the federal government has committed to more spending, including that Canada would meet its 2014 NATO defence spending target of two per cent of GDP this fiscal year .

“The finance department is going to have to budget differently because of this commitment and because of the context around this commitment,” he said. “If you were to go back and look at previous budgets, you wouldn’t find national defence anywhere, except maybe some additional spending.” Email: jgowling@postmedia.com.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful