The federal deficit is now about $19 billion.
federal government budget
Federal program spending will reach a projected $321.5 billion next year—up 22.2 per cent since 2015.
The annual deficit from a recession could increase from its current level of $19 billion to almost $50 billion.
In most countries with universal health care, patients share the cost of treatment—surgical or pharmaceutical.
The reasonable approach to balancing the budget is to find savings and reduce spending—not raise taxes.
In an attempt to increase transparency, Prime Minister Justin Trudeau has made “mandate letters” to his ministers publicly available. These letters are intended to clarify the focus of each minister’s portfolio.
After seven years of budget deficits and over $160 billion in new debt, the federal government confirmed in its financial update Wednesday that it expects to record a surplus next year.