Big Ambitions, Big Deficits
Steeper and more persistent deficits than previously projected have been a common theme across Canada this year, among the largest aggregate deficits on record. This is set to broadly restrain government spending on non-target areas over the next five years.
In what areas will new spending at both the federal and provincial levels be concentrated in the medium term? Will provincial investment plans garner the desired private sector investment to help foster a stronger economy and reduce deficits going forward? With healthcare demand rising across the country and the focus on defence spending heightened, which sectors are likely targets for cost containment?
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