Liberals would revise $10B deficit figure if economy gets ‘radically worse’

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Jun 18, 2007
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TORONTO — The Liberals would revise the numbers on their promise to run annual deficits over the next three years if the economy takes a dramatic fall, party leader Justin Trudeau said Monday.

During a town hall-style rally in downtown Toronto, Trudeau said his party would re-examine its commitment to running $10-billion deficits annually before balancing the books in 2019 if the country's economic situation becomes "radically worse."

"We always said we would run modest deficits," Trudeau said. "And we also said if the situation becomes radically worse, we would revise those numbers."

Many of the Liberals' election promises hinge on Trudeau's plan to borrow tens of billions of dollars by selling government bonds and spending the money earned from that on building roads, bridges and other infrastructure projects across the country.


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Liberals would revise $10B deficit figure if economy gets ‘radically worse’ | National Newswatch