At last update, the province’s budget deficit was $440 million for 2021-22.
The NDP election platform called for per-person spending to reach $11,446 in 2022/23.
Prudent fiscal management means working quickly to return to pre-recession debt levels.
According to estimates, economic growth is maximized when government spending is about 26 per cent of GDP.
Budget 2021 includes $30 billion over five years for national childcare.
Federal program spending in 2021 will reach a projected $11,370 per person—or 18.7 per cent of the economy.
The string of deficits will increase Nova Scotia’s government debt by nearly 40 per cent from 2019/20 to 2024/25.
Trudeau moving Canada towards American-style government with more centralized decision-making, federal spending, borrowing
It’s been almost 20 years since the U.S. federal government balanced its budget.