According to the budget, federal spending will reach $434.3 billion this year, more than a two-thirds increase in less than a decade.
federal budget
August 24, 2022
10:08AM
Under the old classification, program spending would have been more than $10 billion higher.
August 11, 2022
10:43AM
According to projections, the federal debt will reach nearly $2 trillion in 2026-27.
July 22, 2022
9:54AM
The federal debt has grown from $1.2 trillion in 2014 to $1.9 trillion in 2021—an increase of 51 per cent.
July 4, 2022
7:00AM
If the federal government reduced spending, it could help lower inflation and limit the increase in interest rates.
June 21, 2022
1:45PM
From 2019 to 2021, Canada had the second-highest increase in gross debt as a share of the economy out of 33 countries.
June 15, 2022
9:45AM
The government permanently increased the tax rate for banks and life insurance companies to 16.5 per cent on profits over $100 million.
April 15, 2022
7:00AM
Government tax revenues can increase even though the inflation-adjusted incomes of most Canadians do not.
April 12, 2022
11:42AM
The projected federal deficit in 2022-23 is 34 per cent higher than the deficit in 2019-20.
April 8, 2022
9:06AM
Higher government spending will lead to higher taxes and lower rates of economic growth.