OTTAWA — The federal Liberals gave an update Tuesday on the government’s finances, and with it, how they plan to spend a windfall generated by better than expected economic growth. Here are some highlights from the fall economic update:— Positive economic developments have left the government with about $46.6 billion more to spend over five years than they’d projected in the 2017 budget. — The economic update details ways they plan to spend roughly $14.9 billion of that over five years, leaving the rest to pull down the deficit. — The deficit this fiscal year is now projected to be $18.4 billion, down from the spring projection of $25.5 billion. — Expanding the Working Income Tax Benefit program.

Source: National Post October 24, 2017 20:26 UTC