The Trudeau government has recorded the five-highest years of federal spending in Canadian history.
Government Spending & Taxes
Rather than adopt the discipline necessary to get back on track, Ottawa simply moves the goalposts.
According to projections, government debt interest will cost nearly $1,000 per British Columbian by 2026/27.
In 2023/24, interest costs on federal government debt will reach a projected $46.5 billion.
Since 2014/15, annual federal program spending has increased by $193.6 billion—or 75.5 per cent.
From 2019-20 to 2024-25, the government increased program spending by more than 50 per cent.
The government should learn from past experience and ensure new rules about the fund are constitutional.
The provincial government revised its $1.0 billion projected budget surplus to a $250.5 million projected deficit.
Ottawa's plan to reduce emissions would cost Alberta an estimated 80,000 jobs in 2030.
Projected federal spending from 2024 to 2027 is now $30.7 billion higher than previous forecasts.
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