fiscal-update-20171924

Published online Ottawa Citizen by Brian Platt: October 25, 2017 | Last Updated: October 25, 2017 8:43 AM EDT

OTTAWA — Surging economic growth has Canada’s government on track to lower its deficits, but it’s also committing billions of dollars in new spending, including an extra $5.6 billion pumped into the Canada Child Benefit program over five years.

“We’re very pleased with our economic situation, it’s what we would have hoped for.” Finance Minister Bill Morneau

An extra $1.8 billion is already booked this year in new spending since the spring budget, and starting next year, hundreds of millions will be spent on boosting two benefit programs: the Canada Child Benefit and the Working Income Tax Benefit.

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