Unfortunately, it has not lived up to its campaign rhetoric. According to Tuesday’s fiscal update, from fiscal years 2025-26 to 2029-30, it actually plans to increase spending by $83.2 billion more than the Trudeau government planned for that same five-year period. And it will run budget deficits of at least $50 billion each year, for total projected deficits of $309.2 billion over those five years — double what the Trudeau government forecast ($154.4 billion). As a result, federal debt will now reach a projected $2.9 trillion by the end of the decade. This is a disaster for younger Canadians, who will bear the bulk of the debt burden — that is, higher taxes — for decades to come.