In 2024/25, federal program spending will reach a projected $483.6 billion—up $16.1 billion from the previous budget’s estimates.
Government Spending & Taxes
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.
The Trudeau government has recorded the five-highest years of federal spending in Canadian history.
Rather than adopt the discipline necessary to get back on track, Ottawa simply moves the goalposts.
According to projections, government debt interest will cost nearly $1,000 per British Columbian by 2026/27.
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.
From 2019-20 to 2024-25, the government increased program spending by more than 50 per cent.
The government should learn from past experience and ensure new rules about the fund are constitutional.
The provincial government revised its $1.0 billion projected budget surplus to a $250.5 million projected deficit.
Subscribe to the Fraser Institute
Get the latest news from the Fraser Institute on the latest research studies, news and events.