Editing Pierre Trudeau (section)

====Deficit spending====
Trudeau's government ran large budget [[Deficit spending|deficits]] throughout its time in office.<ref>{{cite encyclopedia |last1=Whitaker |first1=Reg |title=Pierre Elliott Trudeau |url=https://www.thecanadianencyclopedia.ca/en/article/pierre-elliott-trudeau |encyclopedia=The Canadian Encyclopedia |access-date=December 14, 2021 |date=July 11, 2013 |quote="...and large federal deficits cut into his popular support."}}</ref> The government's [[1968 Canadian federal budget|first budget in 1968]] produced a deficit of $667 million, while the [[1969 Canadian federal budget|1969 budget]] produced a surplus of $140 million. However, the [[1970 Canadian federal budget|1970 budget]] (which produced a deficit of over $1 billion) marked the start of consecutive budget deficits run by the Trudeau government; the budget would not be [[balanced budget|balanced]] until [[1997 Canadian federal budget|1997]]. By the time Trudeau's first tenure ended in 1979, the deficit grew to $12 billion.<ref name=":CBCgraph">{{cite web|title=Canada's deficits and surpluses, 1963-2014|url=http://www.cbc.ca/news2/interactives/canada-deficit/|website=CBC News |publisher=Canadian Broadcasting Corporation |access-date=May 27, 2023}}</ref>

{| class="wikitable"
|+ List of budgets passed by the Pierre Trudeau government from 1968 to 1979 
<br />'''''$ represent [[Canadian dollar|Canadian]] billions of [[Real versus nominal value (economics)|unadjusted]] dollars'''''
|-
! Budget !! [[1968 Canadian federal budget|1968]] !! [[1969 Canadian federal budget|1969]] !! [[1970 Canadian federal budget|1970]] !! [[1971 Canadian federal budget|1971]] !! [[1972 Canadian federal budget|1972]] !! [[1973 Canadian federal budget|1973]] !! [[November 1974 Canadian federal budget|1974]] !!  [[1975 Canadian federal budget|1975]] !! [[1976 Canadian federal budget|1976]] !! [[1977 Canadian federal budget|1977]] !! [[April 1978 Canadian federal budget|Apr. 1978]] !! [[November 1978 Canadian federal budget|Nov. 1978]]
|-
| '''Surplus''' || || $0.14 || || || || || || || || || ||
|-
| '''Deficit''' || $0.667 || || $1.016 || $1.786 || $1.901 || $2.211 || $2.225 || $6.204 || $6.897 || $10.879 || $13.029 || $11.967 
|}