Over a two-year span, Ottawa is expected to add more than $500 billion in federal debt.
Government Spending & Taxes
The price of Brent Crude oil could reach US$100 per barrel in 2022 due to a surge in demand.
The Trudeau government plans to implement new spending programs including national childcare and pharmacare.
Licenced firearms owners are much less likely to commit criminal acts than other Canadians.
Currently, equalization payments increase in line with nominal GDP growth.
The province’s nominal debt will rise from $440 billion in 2021/22 to $504 billion in 2023/24.
From 2016 to 2019, Canada saw relatively low rates of growth in incomes and private-sector job creation.
Program spending is projected to increase from pre-pandemic levels by 15.2 per cent in 2021/22.
Budget 2021 includes $30 billion over five years for national childcare.
Nearly 60 per cent of the Liberal infrastructure spending was on “green” and “social” projects.
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