In 2021/22, federal program spending is projected to increase by roughly $51.0 billion.
federal programs
From 2016 to 2019, Canada saw relatively low rates of growth in incomes and private-sector job creation.
A basic income program will disincentivize work and may not alleviate poverty.
Ottawa ran budget deficits worth a total of $94.1 billion from 2015/16 to 2019/20.
This year's federal budget deficit will reach a projected $381 billion.
The Trudeau Liberals initially promised to run deficits for three years to finance spending increases.
Borrowing costs could increase without interest rates changing if lenders believe Canada is becoming a bigger credit risk.
The federal budget deficit in 2020-21 is an esitmated $343.2 billion.
The government increased income taxes for more than 80 per cent of middle-income families.
Indigenous and Northern Affairs represented the largest share of federal program spending growth.