According to projections, the federal debt will increase by nearly 20 per cent over the next four years.
Government Spending & Taxes
The size of the federal government has expanded by more than one quarter in a decade.
Only two provinces plan to run budget surpluses this year.
Municipal government spending in the province has grown 2.5 times faster than general inflation and two times faster than population.
In 2024/25, federal program spending will reach a projected $483.6 billion—up $16.1 billion from the previous budget’s estimates.
Support for government-funded pharmacare, dental care and daycare plummeted to well below 50 per cent if the programs are paid for by tax hikes.
The Trudeau government has recorded the five-highest years of federal spending in Canadian history.
Rather than adopt the discipline necessary to get back on track, Ottawa simply moves the goalposts.
According to projections, government debt interest will cost nearly $1,000 per British Columbian by 2026/27.
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