The Liberal government ran a whopping $11.8 billion deficit over a period of seven months last year towering over a $2.1 billion deficit during the same period in 2018.
The total annual deficit for the 2019-2020 fiscal year has so far exceeded prior predictions by several billion.
Prior to being first elected in 2015, Justin Trudeau promised Canadians that he would balance the budget by 2019 if he were elected as prime minister.
“I am looking straight at Canadians and being honest,” said Trudeau during a debate.
“We said we are committed to balanced budgets. And we are. We will balance that budget in 2019.”
According to the Fraser Institute, Trudeau has hit a record in per-person spending among all of Canada’s prime ministers even exceeding those who had to face war or recession.
