Finance Minister Bill Morneau has tabled a budget that forecasts big deficits over the next five years and beyond to finance a new tax-free monthly child benefit, more money for First Nations, infrastructure spending and extended employment insurance benefits to hard-hit regions.
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Finance Minister Bill Morneau called the plan "reasonable and affordable," despite a projected $29.4-billion deficit – with more red ink to come.
Interim Conservative leader Rona Ambrose, however, called the spending "reckless."
"This is a bad day for the taxpayers of Canada," Ambrose said. "What we're seeing now is reckless spending without a job creation plan and no actual plan in the budget to return to a balance."
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