Of the $4 billion earmarked for 2016/17, only $1.6 billion will go to public transit and other municipal infrastructure.
deficit spending
April 1, 2016
10:41AM
The $5.4 billion projected deficit in 2015/16 is driven by higher spending—not a weak economy.
March 25, 2016
3:00AM
The whole country (except Nunavut) will be encouraged to over-invest in public transit since, under the cost-sharing formula, new dollars will only cost 50 cents.
March 22, 2016
2:50PM
Budget projects an increase in total federal debt of approximately $113 billion over the next five years.
March 18, 2016
3:00AM
The new federal Liberal government will table its first budget next week, with media reports suggesting a deficit triple the amount promised during the election campaign.
March 9, 2016
3:00AM
Per capita federal net debt (in 2015 dollars) grew from $577 in 1870 to $19,302 in 2015.
February 16, 2016
3:00AM
Prime Minister Trudeau recently mused that not only will the $10 billion deficit ceiling be broken, but the return to a balanced budget by 2019/20 is now in question.
November 20, 2015
10:41AM
Today, newly minted federal Finance Minister Bill Morneau released his first Update of Economic and Fiscal Projections. Unfortunately, the outlook isn’t positive.
July 25, 2014
6:00AM
The 2007/08 recession knocked many Canadian governments off the sound policy footing of balanced budgets, falling debt levels, and tax relief. After a sustained period of deficit spending, the federal government now seems poised to balance the budget.
June 2, 2014
2:00AM
Premier Couillard's government will table its first budget on June 4 and early signs suggest it's not going to be business as usual.
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