Tag #Canadian Budget

What are the primary fiscal consequences of Canada's increasingly frequent budget updates, and how do these impact the country's economic stability?

Canada's fall economic statements have evolved into quasi-budgets, increasing spending and borrowing significantly. The 2024 statement projected \$543 billion in spending for 2024/25, \$90 billion more than the 2021 budget. This pattern of substantial mid-year spending increases undermines prudent fiscal policy.