According to projections, government debt interest will cost nearly $1,000 per British Columbian by 2026/27.
Government Spending & Taxes
In 2023/24, interest costs on federal government debt will reach a projected $46.5 billion.
Since 2014/15, annual federal program spending has increased by $193.6 billion—or 75.5 per cent.
From 2019-20 to 2024-25, the government increased program spending by more than 50 per cent.
The government should learn from past experience and ensure new rules about the fund are constitutional.
The provincial government revised its $1.0 billion projected budget surplus to a $250.5 million projected deficit.
Ottawa's plan to reduce emissions would cost Alberta an estimated 80,000 jobs in 2030.
Projected federal spending from 2024 to 2027 is now $30.7 billion higher than previous forecasts.
The province's net debt will reach a projected $3.2 billion by 2025/26.
Federal program spending is expected to grow by $132.7 billion—or 41 per cent—between 2014/15 and 2023/24.
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