The federal government projects a $52.8 billion budget deficit for 2022/23.
Government spending represented 40.4 per cent of the country's economy in 2019, up from 37.4 per cent in 2007.
The 2021 agreement introduced a new goal—that monetary policy should also support maximum “sustainable” employment.
The expansion of the Canada Child Benefit was financed largely by borrowing.
B.C.'s net debt will reach a forecasted $88.8 billion by 2024/25.
Annual debt growth has increased substantially since 2018 when the Ford government took office.
Between 2018/19 and 2022/23, the Ontario government expects a 6 per cent increase in inflation-adjusted per-person spending.
According to recent forecasts, the province's resource revenue will likely be higher than forecast in Budget 2022.
The province's net debt has climbed from $338 billion in 2018 to more than $400 billion.
The government has increased per-person spending by more than 10 per cent between 2018/19 and 2020/21.
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