CTV News host Evan Solomon asked Prime Minister Justin Trudeau Thursday the importance of balancing the budget. He responded: “Yes, it’s important to stay fiscally responsible. Our fiscal and costing plan is responsible, fair, transparent, and prudent,” the costed Liberal platform reads. It includes $13 billion in promised new spending this fiscal year and a total of more than $78 billion over the next five years. The platform’s debt-to-GDP ratio projects slight improvements to Budget 2021 tabled in April, with a 48.5% ratio compared to 51.2% this fiscal year. Following five years, the debt-to-GDP ratio for the fiscal year 2025-2026 is 46.5% in the platform compared to 49.2% projected in Budget 2021. “As part of this framework, we are committed to fulfilling our long-term fiscal anchor,” the platform reads. “This plan will continue to reduce Canada’s debt as a share of the economy over time, and our deficit is decreasing every single year.” Trudeau claimed that his party was working towards a balanced budget, citing falling debt as a share of revenues. New government revenues are projected to rise from $436 million this fiscal year to $8.178 billion in 2025-2026.