budget deficit

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The federal government expects the deficit in 2018-19 to reach $18.1 billion and grow next year to $19.6 billion.

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Two fiscal freight trains hurling toward Ottawa

The annual deficit from a recession could increase from its current level of $19 billion to almost $50 billion.

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Federal finances vulnerable to economic slowdown due to deficits

Upon assuming power, the Trudeau government immediately increased budgeted federal program spending by $8.1 billion over 2015-16 to 2019-20.

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Blame game aside, the Trudeau government should accept responsibility for its spending choices

During its first full year in power, the Trudeau government increased spending by a whopping 7.4 per cent.

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Prime Minister Justin Trudeau’s expected level of per person spending this fiscal year ($8,337) is just $38 less than the all-time high.

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Since 2007, Ontario has seen its net debt approximately double, from $157 billion to $308 billion.

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Starting in 1995, Prime Minister Jean Chretien and Finance Minister Paul Martin reduced program spending, balanced the budget and cut taxes.

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By the early 1990s, a third of all federal government revenue was being used simply to pay interest on the debt.