According to forecasts, the federal deficit will eclipse $40 billion this year.
federal government spending
May 16, 2023
10:22AM
The country's gross debt-to-GDP ratio increased by nearly 25 percentage points from 2019 to 2021.
April 21, 2023
3:00AM
Federal program spending is expected to grow by $132.7 billion—or 41 per cent—between 2014/15 and 2023/24.
April 7, 2023
9:00AM
The budget dumps billions into the government’s bottomless climate policy money pit.
March 29, 2023
8:34AM
When spending is financed by large deficits, it can fuel inflation or impede economic growth.
March 26, 2023
4:00AM
The federal debt-to-GDP ratio is on track to increase between 2022-23 and 2023-24.
March 24, 2023
3:00AM
The total value of government debt in 2022 in Canada exceeded the entire size of the economy by more than 10 per cent.
March 22, 2023
12:30PM
The Trudeau government has recorded the five highest levels of federal spending per person in Canadian history.
March 22, 2023
3:00AM
The government says it’s spent more than $120 billion on climate change since 2015.