News

Canada considering up to CAD20 bn in annual permanent spending for new programs

Bloomberg with the report on proposals in Canada, citing a senior government official. 

  • Finance Minister Chrystia Freeland’s fiscal statement at the end of November could include details on government funding plans for child care, prescription drugs and other long-term priorities that will be structural in nature
  • new spending would represent just under 1% of economic output — a fraction of pandemic-related expenditures.

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