Juggling Priorities: Canada’s Five-Year Government Outlook—November 2024

Juggling Priorities: Canada’s Five-Year Government Outlook—November 2024

Canadian
8 min read

Author: Richard Forbes

$225.00

This quarterly economic forecast presents the medium-term outlook for the Canadian economy. This release focuses on government. For an overview of all major components of the economy, go to the Canadian Outlook main page.

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Federal and provincial governments are still having difficulty in balancing their budgets. Combining all levels of government, expenditures will rise by 8.0 per cent in 2024, but slow in the years ahead. As demographic pressures mount, the road to balanced budgets will be challenging.

What are the main challenges for all governments? How can governments reduce spending? What impact will healthcare, education, and public administration have on spending?

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