Mr. Speaker, the Prime Minister promised that the budget would be balanced in the coming year. Now he is admitting that there will be a giant deficit instead.
The Parliamentary Budget Officer announced today that the deficit could be $11 billion more than what was announced by the Prime Minister. If that is true, the deficit will grow by about $30 billion a year.
Not only did the Prime Minister say that the budget would be balanced, but he misled Canadians about the deficit. Why?