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Deficits for 50 years—a plan fraught with risks and consequences
The Trudeau government plans to implement new spending programs including national childcare and pharmacare. ...
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Interest Cost Risks to Government Budgets
This essay calculates the change in government interest costs and budget balances if interest costs return to their 2019-20 levels. Estimates are calculated for 2021-22 gross debt levels for each of the provinces and the federal government. ...
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2021 budgets establish uncertain future for government finances in Canada
The Trudeau government forecasts a $154.7 billion budget deficit in 2021/22. ...
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Trudeau ‘childcare’ plan remains opaque, contradicts other federal policy
The plan calls for $27.2 billion over the next five years to reduce daycare costs. ...
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Federal budget speech disregards key drivers of economic prosperity
From 2016 to 2019, Canada saw relatively low rates of growth in incomes and private-sector job creation. ...
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Federal ‘stimulus’ spending will likely arrive late with minimal benefits
The government says $101 billion in stimulus spending is required for “sustained economic recovery.” ...
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Federal budget lacks realistic recovery plan despite all the red ink
The federal debt-to-GDP ratio will reach 51.2 per cent, the highest level since 1999. ...
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Stimulus spending on infrastructure won’t ‘kickstart’ COVID recovery
Federal debt as a share of the economy will reach roughly 56 per cent, the highest percentage since 1998. ...
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Spending reductions—not tax increases—key to economic recovery and budget balance
According to current projections, the federal government will not balance the budget until 2050. ...
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To fulfill Trudeau’s latest fiscal promise, spring budget must chart path to budget balance
Prime Minister Trudeau’s end-of-year comments, where he committed to “absolutely” returning to a balanced budget post-COVID, will continue to ring hollow unless the spring budget includes decisive action. The pre-Christmas statement to ...