It’s been almost 20 years since the U.S. federal government balanced its budget.
federal finances
In the 1990s, federal debt-interest costs routinely eclipsed 30 per cent of revenues.
More than $185 billion in net investment left the country from 2014 to 2019.
Indigenous and Northern Affairs represented the largest share of federal program spending growth.
Policy uncertainty is at an all-time 35-year high in Canada.
This year's federal budget deficit will be an estimated $343.2 billion.
The CERB is now estimated to cost $61.1 billion compared to the original estimate of $40.6 billion.
Canada's equalization program cost Alberta taxpayers approximately $3.1 billion in 2017.
The Trudeau government plans to provide $14 billion in financial support for provincial governments across the country.
Such implicit or explicit assumptions invariably lead to unintended consequences.