Prime Minister Justin Trudeau’s government revealed billions in new spending on housing programs and industrial subsidies, increasing Canada’s budget deficit amid the dual pressures of higher borrowing costs and a slowing economy.

The total cost of the new tax and spending measures is C$20.8 billion ($15.2 billion) over six years, according to a fiscal update from Finance Minister Chrystia Freeland, who’s planning to borrow more at a time when many economists are concerned with rising interest costs and the risk of a recession.