Canada's productivity growth and levels of business investment have been lacklustre for decades.
federal government spending
The federal debt is expected to eclipse $2 trillion by 2025-26.
Rules that impose mandatory fiscal discipline help produce better and more responsible fiscal outcomes.
Ottawa will likely have more revenue—perhaps considerably more—than forecast when the government tables the budget.
Federal net debt will reach a projected $1.3 trillion in 2021/22.
Alberta, Saskatchewan and Newfoundland require the most policy action to correct their unsustainable fiscal trajectories.
The national debt will reach a projected $2 trillion by 2025-26.
According to the update, the government will continue to spend well in excess of projected revenues.
Canada ranked 30th of 38 industrial countries for its average rate of economic growth from 2015 to 2019.