While the Canadian economy recorded positive overall growth, per-person GDP actually declined.
The budget dumps billions into the government’s bottomless climate policy money pit.
According to projections, federal net debt will jump by more than $142 billion over the next five years.
Federal debt is projected to rise from 42.4 per cent of GDP in 2022 to 43.5 per cent of GDP in 2023.
When spending is financed by large deficits, it can fuel inflation or impede economic growth.
The budget projects a deficit of $40.1 billion in 2023/24, which is nearly $10 billion higher than projections in November.
The budget speech never mentioned the word “entrepreneurship."
The Trudeau government has recorded the five highest levels of federal spending per person in Canadian history.
Between 2015 and 2019, Ottawa ran five consecutive deficits, causing federal debt to rise by $112 billion.
Parents who prefer informal daycare are excluded from the federal child care program.