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Defence spending to add ‘staggering’ sum to deficit by 2035, think tank warns

The C.D. Howe Institute warns that Canada's federal deficit could average $78 billion annually over four years due to recent spending plans driven by increased defence, project legislation, and tax cuts.
Driven by Ottawa’s new spending policies, including increased defence budgets, project legislation, and a tax cut, the deficit is forecast to rise significantly.
Analysis shows Canada’s $92 billion forecast for this year contrasts with PBO’s $60–70 billion estimate, highlighting transparency concerns, as Giroux warns of “approach is ripe for abuse.”
As a result, the delay of the spring fiscal update to fall heightens transparency concerns amid unclear cost definitions, risking accountability in Canada's fiscal planning.
Absent planned savings, the C.D. Howe Institute warns deficits could reach an average of $86 billion annually over four years unless provinces face steeper cuts and reduced transfers.

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The Globe & Mail

Center

To up defence spending, Canada must cut deeper, tax harder and borrow more – all at once

It’s time to be more creative than perhaps we’ve been in the past – even if it breaks a few taboos of public finance

11 hours ago·Canada

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Toronto Sun

Right

Defence spending to add ’staggering’ sum to deficit by 2035: Think-tank

OTTAWA -- The C.D. Howe Institute predicts Ottawa's recently announced spending plans -- which include a much bigger defence budget -- will drive its deficits markedly higher in the coming years.

11 hours ago·Toronto, Canada

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CTV News

Center

Defence spending to add ‘staggering’ sum to deficit by 2035, think tank warns

The C.D. Howe Institute predicts Ottawa’s recently announced spending plans — which include a much bigger defence budget — will drive its deficits markedly higher in the coming years.

15 hours ago·Canada

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Global News

Lean Left

NATO spending pledge could push federal deficit as high as $92B: think tank - National

The C.D. Howe Institute predicts Ottawa's spending plans will push deficits over the next four years to more than double the parliamentary budget officer's pre-election forecast.

16 hours ago·Toronto, Canada

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