Takeaways from the Liberals’ first economic update as a majority
From The Decibel by The Globe and Mail
April 29, 2026 · 23 min
About this episode
The episode discusses the Liberals' first economic update as a majority government, highlighting new spending and projected deficits.
The Liberals’ spring economic update lays out $54-billion in new spending over six years, including $6-billion towards boosting employment in the trades and more money for sports. The update also shows an estimated deficit of $66.9-billion for the 2025-26 fiscal year, an $11.5-billion improvement over what the government had projected in the Nov. 4 budget. Campbell Clark, The Globe’s chief political writer, joins the show to break down what the Carney government’s first piece of fiscal policy as a majority government tells us about how they’re wielding their newfound power.
People in this episode
Guest: Campbell Clark
Topics covered
- economic update
- government spending
- deficit
- employment
- politics
- fiscal policy
Keywords
- Liberals
- economic update
- deficit
- spending
- employment
- fiscal policy
- Campbell Clark
Mentioned in this episode
Organizations: The Globe, Carney government
Places: Canada
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