Many economists warn about ballooning budget deficits and the potential for higher interest rates in the future.
The prime minister’s mandate letter raised the idea of taxing "extreme wealth inequality.”
The Trudeau government forecasts a $154.7 billion budget deficit in 2021/22.
The plan calls for $27.2 billion over the next five years to reduce daycare costs.
From 2016 to 2019, Canada saw relatively low rates of growth in incomes and private-sector job creation.
Budget 2021 includes $30 billion over five years for national childcare.
The government says $101 billion in stimulus spending is required for “sustained economic recovery.”
The federal debt-to-GDP ratio will reach 51.2 per cent, the highest level since 1999.
Federal debt as a share of the economy will reach roughly 56 per cent, the highest percentage since 1998.