federal deficits

2:30AM
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June 27 is Balanced Budget Tax Freedom Day in Canada

According to budget forecasts, the federal government will run a $40.1 billion deficit this year.


2:30AM
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Federal government relies on wishful thinking to rationalize deficits

According to forecasts, the federal deficit will eclipse $40 billion this year.


9:10AM
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Provinces accept federal money at their peril

Rising interest rates will put additional pressure on federal finances.


4:00AM
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Indigenous programs and payouts help drive federal deficits

In just two fiscal years, Indigenous spending increased by $4 billion.


4:00AM
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Federal government’s upcoming budget must address ‘growth deficit’

Between 2016 and 2019, the Trudeau government recorded average economic growth of 2.1 per cent compared to 4.6 per cent during the Chrétien years.


9:24AM
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Federal government used pandemic to engineer long-term spending increase

Compared to fiscal year 2019-20, total federal spending in 2022-23 will be approximately 27 per cent higher.


4:24PM
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At every opportunity, the government has spent unexpected revenue windfalls.

At every opportunity, the government has spent unexpected revenue windfalls.


1:32PM
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Ottawa’s unnecessary deficit-spending hurts economic growth

So-called "stimulus spending" displaces future private spending and reduces future economic growth.


9:56AM
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Deficits come with costs—especially for future generations

The federal government projects a budget deficit of $52.8 billion for 2022.