Canadian Pay Minister Chrystia Freeland is expected to increase taxes and reallocate funds in her budget address to fund billions of dollars of new initiatives to uphold her fiscal guardrail.

The budget will show how to tax the wealthiest citizens, as Prime Minister Justin Trudeau has previously assured reporters that he will not raise taxes on the middle class.

The Liberal administration has been spending binge-like in the first ten months of this year, with expenditures on capital expenditures, grants, subsidies, and salaries for government employees exceeding those of the previous year.

The government has unveiled a flurry of budgetary initiatives to address the housing crisis and win back supporters who have defected to the opposition.