So-called "stimulus spending" displaces future private spending and reduces future economic growth.
In 2020, the federal expenditure share jumped to 40 per cent.
The federal government projects a budget deficit of $52.8 billion for 2022.
The Ontario government projects a $19.9 billion deficit this year and continued deficits until 2027-28.
The federal government projects a $52.8 billion budget deficit for 2022/23.
The expansion of the Canada Child Benefit was financed largely by borrowing.
Federal debt interest will cost a projected $42.9 billion in 2026/27.
The federal debt is expected to eclipse $2 trillion by 2025-26.
Rules that impose mandatory fiscal discipline help produce better and more responsible fiscal outcomes.