A "prudent budget" would be one that reverses the outrageous deficit spending plans announced earlier with a set of proposals to limit the deficit to $10 B as promised during the election campaign and an attempt to balance the budget in not too distant a future.  Canada does not have a revenue problem, to paraphrase another report, it has an expenditure problem.  The era of monetarism is over as it is clear that it does not enhance economic growth.  Prudent governments around the world are turning to fiscal measures, to Keynesian economics in order to jump start their economies, which in essence suggests that one could run a "prudent" deficit in tough times but must run a surplus and repay the deficit in good times.  Unfortunately, everything announced to date by this Liberal government amounts to spending on social programs of little value to most Canadians: refugees, gay rights overseas, hundred and fifty plus people delegations to the Paris climate change conference, etc.