It’s been almost 20 years since the U.S. federal government balanced its budget.
Government Spending & Taxes
Trudeau moving Canada towards American-style government with more centralized decision-making, federal spending, borrowing
If Prime Minister Trudeau keeps his commitment to no new taxes, borrowing will finance the proposed expansion.
The Kenney government now faces a massive $24.2 billion budget deficit.
Evidence suggests that a 1.0 percentage point increase in spending produces a 0.75 percentage point drop in economic growth.
Indigenous and Northern Affairs represented the largest share of federal program spending growth.
The cost of servicing the province’s debt has increased to more than $2 billion.
The Trudeau government ran consistent deficits and accumulated significant debt over its first four years in office.
This year's federal budget deficit will be an estimated $343.2 billion.
C.D. Howe op-ed cites no empirical evidence or research to substantiate its opinions.
Canada's equalization program cost Alberta taxpayers approximately $3.1 billion in 2017.
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