Canada’s gross debt will increase this year by almost $120 billion.
federal government spending
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.
In 2018-19, per person federal program spending (adjusted for inflation) reached $8,869.
Program spending is set to grow again by 1.8 per cent this year.
Tuesday’s budget calls for spending to reach $329.4 billion.
All the estimates converge to a federal deficit of more than $12 billion by 2022-23.
The Trudeau government spent $8,639 per person in 2018-19.
Per-person spending levels reached $8,639 in 2018 under Prime Minister Justin Trudeau—only $72 short of the all-time high.