The government now expects to spend $58 billion more than its 2023 budget projections.
federal spending
Over the past eight years, Canada's growth in real GDP per person is a paltry 1.6 per cent versus 14.7 per cent in the United States.
Since 2007-08, combined federal and provincial government net debt has increased by roughly $1 trillion.
Between 2024/25 and 2027/28, the federal government has increased projected spending by $30.7 billion more than previously forecasted.
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.
There’s nothing peculiar about letter delivery, trains, television and radio programs, or alcohol sales that justifies governmental operation.