• Liberal plan to spend an additional $9.5 billion in 2016-17 is the most expensive of the three main parties

• By 2019-20, NDP would overtake Liberals with $12.3 billion in additional annual spending 

• Conservatives have 6 un-costed promises, Liberals 9 and NDP 2 

OTTAWA, ON: The Canadian Taxpayers Federation (CTF) today released its first federal election spending tracker, tabulating the cost of all promises made by the three main political parties during the course of the 2015 federal election campaign.

"We believe that when considering the merits of each party's proposals, Canadians also need to know the real costs of these promises," said CTF Federal Director Aaron Wudrick. "We have been tracking the parties' promises, using their own figures and timelines wherever possible, and will continue to do so up until Election Day."

For fiscal 2016-17, the cost of promises made by the Liberals is $9.5 billion, followed by the NDP at $7 billion and the Conservatives at $190 million. By fiscal 2019-20, the NDP promises to spend an additional $12.3 billion per year, followed by the Liberals at $9.7 billion and the Conservatives at $263 million.

"With our federal debt costing taxpayers $26 billion per year in interest payments alone, it is important for Canadians to know exactly how each party would pay for increases in future spending," said Wudrick.

Not all promises by the parties have been costed. The Conservatives have not costed 6 promises. The Liberals have 9 un-costed promises and the NDP have 2 promises that still require costing.

Please click here for a breakdown of the costs of each party's proposals. A graphic showing the cost of each partys platforms is available here.