The ratio of household net worth-to-GDP has risen over time.
federal government spending
Canada’s federal net debt will climb to $831.5 billion by 2022-23.
The budget proposes cumulative deficits totalling $72.8 billion over the government’s first mandate.
The reasonable approach to balancing the budget is to find savings and reduce spending—not raise taxes.
This $51 billion increase in spending represents total growth of 20.1 per cent in just three years.
Upon assuming power, the Trudeau government immediately increased budgeted federal program spending by $8.1 billion over 2015-16 to 2019-20.
In their first full budget, Prime Minister Trudeau’s Liberals increased spending by $66.3 billion over a four-year period.
Trudeau expected to increase per-person federal debt by 5 per cent by 2019.