In 2021/22, federal program spending is projected to increase by roughly $51.0 billion.
The prime minister’s mandate letter raised the idea of taxing "extreme wealth inequality.”
Federal program spending in 2021/22 is $54.4 billion higher than planned in November 2020.
The government says $101 billion in stimulus spending is required for “sustained economic recovery.”
The federal debt-to-GDP ratio will reach 51.2 per cent, the highest level since 1999.
Between 2016 and 2019, per-person GDP grew at an average annual rate of only 0.8 per cent.
A basic income program will disincentivize work and may not alleviate poverty.
Bill C-273 calls on the federal finance minister to assess a potential guaranteed annual income in Canada.
This year's federal budget deficit will reach a projected $381 billion.