The size of the federal government has expanded by more than one quarter in a decade.
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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.
According to projections, this federal government will possess the eight highest levels of per-person spending in Canadian history.
From 2015/16 to 2022/23, the government added more than $820 billion in gross federal debt.
In recent decades, central banks have fought inflation using interest rates instead of monetary growth.
B.C. trails far behind Alberta in head office employment.
The government will increase program spending by $4.2 billion in 2024/25 and $3.5 billion in 2025/26.
Since 2014/15, annual federal program spending has increased by $193.6 billion—or 75.5 per cent.
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