Ottawa: The federal NDP has promised $214 billion spending in the next five years, if the party forms the government in the federal elections scheduled to be held on September 20.
Most of the spending will be offset by $166 billion in revenue raised through new taxes and other measures targeted at wealthy individuals and large, profitable corporations, said the NDP Leader Jagmeet Singh adding that his party would not put financial burden on middle class, small businessmen and working class.
While campaigning in Vancouver, Singh said, “I am proud to say that our is the only party that will not put any burden on working class and middle class rather will generate money from cooperates for overall devilment of the country. Our plan is only to increase revenue significantly and substantially to reduce our debt.
The party state that they would bring its platform the closest to meeting the provincial and territorial premiers’ demand to have the federal government cover 35 per cent of all health-care costs that would lead to rise the Canada Health Transfer (CHT) by $28 billion per year. Besides, the NDP party is also proposing to spend $26 billion to combat climate change and support workers. They would redirect $35 billion already budgeted for projects with the Canadian Infrastructure Bank into a ‘climate bank’ and another $30 billion would go toward efforts to achieve reconciliation with Indigenous people, Singh promised.