Between 2024/25 and 2027/28, the federal government has increased projected spending by $30.7 billion more than previously forecasted.
federal government spending
The federal debt-to-GDP ratio will increase to 42.4 per cent in 2023-24 then climb higher in 2024-25.
Projected federal spending from 2024 to 2027 is now $30.7 billion higher than previous forecasts.
Since 2014/15, federal government debt interest costs have nearly doubled.
By the end of this fiscal year, the federal government will have racked up $591.9 billion in debt since 2015.
Federal spending in 2023/24 will increase by $5.6 billion more than the government’s previous projection.
Ottawa's child-care program simply shifted the form of care away from parents’ preference and towards the government-subsidized option.
Overpayment recipients included 1,522 prisoners, 391 dead people and 434 children too young to be eligible.
Business investment declined by 20 per cent in Canada from 2014 to 2021.
We’ve seen a steady erosion of per-capita GDP growth and persistent government deficits.