It’s been almost 20 years since the U.S. federal government balanced its budget.
Trudeau moving Canada towards American-style government with more centralized decision-making, federal spending, borrowing
If Prime Minister Trudeau keeps his commitment to no new taxes, borrowing will finance the proposed expansion.
Total provincial government deficits will reach an estimated $63.0 billion this year.
Governments can find themselves at a new baseline spending level far in excess of revenues.
The Blue Ribbon Panel and the Kenney government face a daunting fiscal challenge.
Federal program spending (per person) hit an estimated $8,869 in 2018, the highest level in Canadian history.