OTTAWA (Reuters). Canada’s federal government will release its budget for 2022 on Tuesday. Chrystia, Finance Minister Chrystia Freiland stated that the country plans to raise defense spending while battling high inflation.

Freeland stated that the Liberal-led government was committed to increasing Canada’s economy and making it more accessible. He also said that they are continuing to create a society in which no one is excluded.

Freeland stated that “that is exactly what they are doing” during parliament’s question period. The budget will be presented at 4:05 p.m., she said. ET (2000 GMT).

Canada’s Liberals were elected last year to a third term. However, Prime Minister Justin Trudeau did not win the majority. He signed a support contract with opposition New Democrats this month that will keep his power in place until 2025.

The Liberals will support a national program of dental care for Canadians with low incomes, and they will move ahead on a national plan to prescribe drugs – both costly initiatives.

Economists believe the deal will lead to bigger deficits and could threaten to end government promises of reining in inflation. Canada’s inflation rate reached 5.7% in February, and will likely rise.

Canada pledged that it would spend more defense money following Russia’s invasion of Ukraine. But, Canada hasn’t yet given any details.

Trudeau had earlier on Tuesday stated that affordable housing will be an important focus of the forthcoming budget.

Trudeau stated, “I can guarantee you that investments into housing…all across the country” will be an important topic in our budget presentation.

Canada’s typical house has increased in price by over doubling since Trudeau’s Liberals were elected in November 2015. Prices have also increased 52% since the outbreak of the pandemic.