The 12-month rolling deficit is also up over $13 billion over projections.
Every year the Liberals talk about ‘prudent spending.’
And every year it seems they blow past their forecasts.
Late last week, the government revealed that federal spending is up a whopping $14.6 billion.
And the 12-month rolling deficit is over $13 billion above projections:
BMO chief economist Doug Porter looks at Canada's latest public-finance numbers, issued on Friday before Labor Day long weekend. Govt program spending up ~15% from a year ago. pic.twitter.com/I4baBTVKAC
— Paul Vieira (@paulvieira) September 3, 2024
Yet, for all that spending, Canada has little to show for it.
In fact, as recently released Stats Canada data reveals, Canada’s per capita GDP has now fallen for five consecutive quarters, a stark indictment of Liberal-NDP economic management.
Spencer Fernando