The budget projects a deficit of $40.1 billion in 2023/24, which is nearly $10 billion higher than projections in November.
federal government budget
March 28, 2023
3:05PM
The budget speech never mentioned the word “entrepreneurship."
March 22, 2023
12:30PM
The Trudeau government has recorded the five highest levels of federal spending per person in Canadian history.
March 22, 2023
3:00AM
The government says it’s spent more than $120 billion on climate change since 2015.
November 3, 2022
9:52AM
Between 2015 and 2019, Ottawa ran five consecutive deficits, causing federal debt to rise by $112 billion.
August 25, 2022
8:23AM
According to the budget, federal spending will reach $434.3 billion this year, more than a two-thirds increase in less than a decade.
July 4, 2022
7:00AM
If the federal government reduced spending, it could help lower inflation and limit the increase in interest rates.
May 25, 2022
8:22AM
The Ontario government projects a $19.9 billion deficit this year and continued deficits until 2027-28.
May 12, 2022
10:52AM
Residents in all provinces already pay more than $550 per person annually on government debt interest.
April 12, 2022
11:42AM
The projected federal deficit in 2022-23 is 34 per cent higher than the deficit in 2019-20.