The government will increase program spending by $4.2 billion in 2024/25 and $3.5 billion in 2025/26.
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Since 2014/15, annual federal program spending has increased by $193.6 billion—or 75.5 per cent.
From 1968 to 2023, Ontario ran 48 deficits—or deficits 87 per cent of the time.
On a per-person basis, government spending will increase to $19,238, the highest of any province in Canada.
The province's net debt will reach a projected $16.3 billion in 2024/25.
The province's program spending this year will increase by 6.2 per cent, a rate faster than population growth plus inflation.
The territory's mining sector tends to pay above-average wages.
Population growth often leads to faster economic growth, but that doesn’t necessarily mean the economy is doing well.
The inability to control spending remains the primary reason for Ottawa's string of deficits.
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