The government will increase program spending by $4.2 billion in 2024/25 and $3.5 billion in 2025/26.
Blog - Fraser Forum
Since 2014/15, annual federal program spending has increased by $193.6 billion—or 75.5 per cent.
From 1968 to 2023, Ontario ran 48 deficits—or deficits 87 per cent of the time.
On a per-person basis, government spending will increase to $19,238, the highest of any province in Canada.
The province's net debt will reach a projected $16.3 billion in 2024/25.
The province's program spending this year will increase by 6.2 per cent, a rate faster than population growth plus inflation.
The average Singaporean earns about 30 per cent more than the average American.
New Brunswickers who required medically-necessary surgeries endured a median wait for treatment of 52.6 weeks.
This year, the province will spend a projected $548 million on provincial debt interest.