Government Spending & Taxes

— Jul 5, 2023
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No Sign of Significant Debt Reduction or Tax Relief in Ford’s Spring 2023 Budget – It’s All Spend, Spend, Spend!

No Sign of Significant Debt Reduction or Tax Relief in Ford’s Spring 2023 Budget—It’s All Spend, Spend, Spend! is a new study that details what the current Ontario government could have achieved in terms of lower taxes, surpluses and debt relief if it had maintained the spending levels of the previous Wynne government. Instead, the current government has increased spending by $9.5 billion above the average (inflation adjusted) annual spending of its predecessor, and is forecasting a $1.3 billion deficit this year.

— Jun 27, 2023
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Fiscal Waste During the Pandemic in Canada and the United States

Fiscal Waste During the Pandemic in Canada and the United States is a new essay in the Fraser Institute’s series on the COVID-19 pandemic. It finds that the total cost of the Ottawa’s wasteful COVID spending—money that was poorly targeted or sent to ineligible recipients—will eclipse $110 billion by 2032/33, partly as a result of higher debt interest costs. In the United States, the total cost of wasted COVID spending will exceed $1.5 trillion over the next ten years.

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