OTTAWA — The Liberal government is planning to pile on more than $100 billion in public debt over the coming years as part of an ambitious strategy it hopes will revive economic growth over the long haul.
However, the blueprint tabled Tuesday has no firm timetable on when the deficits will end — and the return to balance is now poised to be sometime beyond the next election.
The document predicts big spending on investments like infrastructure will boost the country’s real gross domestic product by 0.5 per cent this year and one per cent in 2017-18.
To help get it there, the government is brazenly shattering its election promise to run “modest deficits” of no mor…
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