Deficits, among other consequences, weaken business confidence in Canada’s economy.
Study examines how fiscal policies aimed at reducing government deficits affect the economy.
Are we really going to spend $135 million on talk shows?
The government has removed its annual safety cushion of $6 billion per year.
Starting in 1995, Prime Minister Jean Chretien and Finance Minister Paul Martin reduced program spending, balanced the budget and cut taxes.
Manitoba’s newly-elected government faces some important fiscal challenges.
The deficits to fiscal year 2020-21 will total $118.6 billion.
By the early 1990s, a third of all federal government revenue was being used simply to pay interest on the debt.
Of the $4 billion earmarked for 2016/17, only $1.6 billion will go to public transit and other municipal infrastructure.
The $5.4 billion projected deficit in 2015/16 is driven by higher spending—not a weak economy.