When spending is financed by large deficits, it can fuel inflation or impede economic growth.
The budget projects a deficit of $40.1 billion in 2023/24, which is nearly $10 billion higher than projections in November.
The budget speech never mentioned the word “entrepreneurship."
The Trudeau government has recorded the five highest levels of federal spending per person in Canadian history.
Between 2015 and 2019, Ottawa ran five consecutive deficits, causing federal debt to rise by $112 billion.
Parents who prefer informal daycare are excluded from the federal child care program.
According to the budget, federal spending will reach $434.3 billion this year, more than a two-thirds increase in less than a decade.
Under the old classification, program spending would have been more than $10 billion higher.
According to projections, the federal debt will reach nearly $2 trillion in 2026-27.
The federal debt has grown from $1.2 trillion in 2014 to $1.9 trillion in 2021—an increase of 51 per cent.