According to forecasts, the federal deficit will eclipse $40 billion this year.
federal deficits
June 7, 2023
9:10AM
Rising interest rates will put additional pressure on federal finances.
April 2, 2023
4:00AM
In just two fiscal years, Indigenous spending increased by $4 billion.
March 17, 2023
4:00AM
Between 2016 and 2019, the Trudeau government recorded average economic growth of 2.1 per cent compared to 4.6 per cent during the Chrétien years.
November 7, 2022
9:24AM
Compared to fiscal year 2019-20, total federal spending in 2022-23 will be approximately 27 per cent higher.
November 3, 2022
4:24PM
At every opportunity, the government has spent unexpected revenue windfalls.
June 15, 2022
1:32PM
So-called "stimulus spending" displaces future private spending and reduces future economic growth.
June 8, 2022
8:10PM
May 31, 2022
9:56AM
The federal government projects a budget deficit of $52.8 billion for 2022.
May 25, 2022
8:22AM
The Ontario government projects a $19.9 billion deficit this year and continued deficits until 2027-28.