Since 2015, per-person GDP in Canada has grown by only 1.9 per cent.
federal budget
The inability to control spending remains the primary reason for Ottawa's string of deficits.
The government is on track to run nine consecutive budgets deficits, with all but one exceeding $10 billion.
By the end of this fiscal year, the federal government will have racked up $591.9 billion in debt since 2015.
Federal spending in 2023/24 will increase by $5.6 billion more than the government’s previous projection.
Prosperity on a per-person basis has been stagnant since the mid-2010s.
According to budget forecasts, the federal government will run a $40.1 billion deficit this year.
While the Canadian economy recorded positive overall growth, per-person GDP actually declined.
The budget dumps billions into the government’s bottomless climate policy money pit.
According to projections, federal net debt will jump by more than $142 billion over the next five years.