Compared to fiscal year 2019-20, total federal spending in 2022-23 will be approximately 27 per cent higher.
At every opportunity, the government has spent unexpected revenue windfalls.
So-called "stimulus spending" displaces future private spending and reduces future economic growth.
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.
Canada's productivity growth and levels of business investment have been lacklustre for decades.
Rules that impose mandatory fiscal discipline help produce better and more responsible fiscal outcomes.
Canada ranked 30th of 38 industrial countries for its average rate of economic growth from 2015 to 2019.