The new normal for Canadians will be unprecedented levels of government spending and debt for decades to come, according to a new study by the Fraser Institute released Tuesday.Was it worth it, Canada?
According to the Fraser report, Prime Ministers and Government Spending, Updated 2020 edition, estimated federal spending this year at $13,226 per Canadian.
Adjusted for inflation, that will be 50.7% higher than in the last global recession in 2009, and 74.5% higher than at the peak of the Second World War.
THE BUDGET "WON'T BALANCE ITSELF"
OTTAWA — The government will eventually make the “unavoidable” decision to seek new sources of revenues through tax hikes, as policymakers look to offset a raft of recent Liberal spending measures, the federal budget watchdog says.
