The national daycare program will cost an estimated $7.9 billion annually by 2025/26.
federal programs
When linked to a GST hike, support for a national prescription drug program falls from 79 per cent to 40 per cent.
In 2021/22, federal program spending is projected to increase by roughly $51.0 billion.
From 2016 to 2019, Canada saw relatively low rates of growth in incomes and private-sector job creation.
A basic income program will disincentivize work and may not alleviate poverty.
Ottawa ran budget deficits worth a total of $94.1 billion from 2015/16 to 2019/20.
This year's federal budget deficit will reach a projected $381 billion.
The Trudeau Liberals initially promised to run deficits for three years to finance spending increases.
Borrowing costs could increase without interest rates changing if lenders believe Canada is becoming a bigger credit risk.