From 2013 to 2022, per-person economic growth—a broad measure of living standards—was at its lowest rate since the Great Depression.
federal government budget
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.
In 2023/24, interest costs on federal government debt will reach a projected $46.5 billion.
Since 2014/15, annual federal program spending has increased by $193.6 billion—or 75.5 per cent.
These deficits have fuelled an $867.2 billion increase in gross federal debt from 2014/15 to 2022/23.
The inability to control spending remains the primary reason for Ottawa's string of deficits.
A national pharmacare program would cost an estimated $15.3 billion in 2027.
The top 10 per cent earned 29.1 per cent of all income but paid 35.8 per cent of the total tax burden.
Federal spending in 2023/24 will increase by $5.6 billion more than the government’s previous projection.