The government is on track to run nine consecutive budgets deficits, with all but one exceeding $10 billion.
The 1995 federal budget began a process of major policy reforms that put the government on a path to fiscal balance.
A national pharmacare program would cost an estimated $15.3 billion in 2027.
The federal debt-to-GDP ratio will increase to 42.4 per cent in 2023-24 then climb higher in 2024-25.
In reality, Canada’s government debt is high relative to other comparable countries.
The average Canadian family paid 45.3 per cent of its income in taxes last year.
From 2015 to 2022, the federal bureaucracy grew by 27 percentage points.
After recording eight consecutive budget deficits, the Trudeau government plans to run at least five more.