-- Canadian government spending is growing faster than revenue while interest payments are continuing to climb, as Finance Minister Chrystia Freeland prepares to deliver her budget next month.Yemen’s Houthis Tell China, Russia Their Ships Won’t Be Targeted
Expenditures were driven by rising elderly benefits, as well as a 9.3% increase to the Canada Health Transfer — the government announced in February last year it would increase the money it would send to provinces. The government’s operating expenses are also up 3.6%. The government may encourage departments to lapse spending, or forgo expenditures at the end of the year and push them off to upcoming fiscal years, Bartlett said.
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