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After financial markets close at 4 p.m., Finance Minister Chrystia Freeland will table the federal government’s first budget in more than two years. There will be lots to watch for, including the first formal accounting of how much Ottawa has spent to manage the COVID-19 pandemic. Ms. Freeland’s November economic update made it clear the amount will be substantial. At that time, she projected a $381.6-billion deficit for 2020-21 and said it could end up closer to $400-billion depending on the need for restrictions over the winter months. For context, the 2018-19 budget deficit was just under $14-billion.