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Economic Viewpoint

Spending Promises Will Have an Impact on the Federal Fiscal Outlook

March 29, 2022
Randall Bartlett
Senior Director of Canadian Economics

Recent economic developments in Canada have benefitted the bottom lines of provincial governments. The same is expected to be true of the federal budget in the near term. But major spending commitments during and since the 2021 federal election raise questions about the long-term sustainability of federal finances, with upside risk to the federal government’s most recent debt-to-GDP outlook.