Whereas the Chrétien government used balanced budgets as a guiding fiscal anchor, the Trudeau government has not had an effective fiscal rule imposing discipline on its spending, taxing, and borrowing decisions, resulting in the federal government being less prepared to respond to the current recession.
The national debt will hit an estimated $713.2 billion this year.
Canada's economy is expected to grow by a tepid 1.6 per cent in 2020.
In 2018, federal government spending (per-person inflation-adjusted) reached its highest point in Canadian history.
No Opposition party has signalled it would balance the budget in the near- or medium-term.
In 2018, per person program spending (inflation adjusted) reached $8,869, the highest point in Canadian history.
Albertans made a net contribution of more than $20 billion in 2017/18.
Overly politicized budgets, particularly budgets seemingly assembled haphazardly, risk producing poor policies.
Between 2013 and 2017, foreign investment in Canada declined by 55.1 per cent.