COVID-19 spending to keep the deficit from flooding the nation’s future.The Liberals last week revealed this year’s projected deficit sits at $343 billion, driven by an estimated $231.9 billion in COVID-19 spending, so far, and a massive drop in government revenue.
Canada’s coronavirus deficit soaring to $343B as feds warn of ‘permanent change’ to economy With the deficit at levels not seen since the Second World War, Leger and the Association for Canadian Studies asked 1,523 Canadians whether they felt the government ought to immediately and quickly begin to scale back pandemic support programs to Canadians and to business.Forty-one per cent said yes to that question, 44 per cent said no and 15 per cent said they didn’t know or preferred.