The Nova Scotia government projects net debt will increase by 23 per cent over three years.
Blog - Fraser Forum
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.
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.
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.
Subscribe to the Fraser Institute
Get the latest news from the Fraser Institute on the latest research studies, news and events.