The Blue Ribbon Panel and the Kenney government face a daunting fiscal challenge.
Federal program spending (per person) hit an estimated $8,869 in 2018, the highest level in Canadian history.
Burlington spent nearly 17 per cent of tax-financed expenditure on “general government.”
The PBO projects in 2042 Alberta will have more debt relative to the size of its economy than Ontario.
The government’s operating deficit now stands at $14.5 billion—only half a billion less than the pre-update status quo.
Deficits and debts are not free money—they come at a cost.
Quebec is currently the most indebted province relative to the size of the provincial economy.