Trudeau Set to Tap Budget Reserves Amid Dismal Growth

The video discusses Canada's fiscal challenges under Prime Minister Justin Trudeau, focusing on declining oil revenues and budget predictions. Trudeau's government faces criticism for its economic forecasts and spending plans, with calls for more growth stimulation. The video highlights the challenges of meeting public expectations and outlines future budget priorities, emphasizing infrastructure while noting limitations in new spending due to economic constraints.

What was one of the main criticisms of Justin Trudeau's budget unveiled in March?

• Overestimating GDP growth

• Underestimating oil revenues

• Predicting lower GDP growth than others

• Increasing taxes on the oil sector

What was a significant challenge for Trudeau's government after taking power?

• Reducing military spending

• Meeting high expectations from various groups

• Increasing oil production

• Balancing the budget immediately

What was the initial deficit target set by Trudeau's government?

• $20 billion

• $10 billion

• $6 billion

• $29 billion

Which area is considered a 'bread and butter' spending priority for the government?

• Military procurement

• Education

• Infrastructure

• Healthcare

What is the impact of the downgraded economic forecasts on the government's spending plans?

• Increased spending on military

• More room for new spending

• Reduced bandwidth for new spending

• Higher oil revenues