Cory Morgan: Ottawa’s Budget 2024 an Effort to Increase Popular Support Rather Than Get Finances in Order

Published on April 16, 2024

With weeks of campaign-style announcements from the Liberal government, Canadians had a good idea of what was coming in the 2024 budget. Spending increases were pending for programs ranging from housing initiatives, to the military, to a massive injection of funds into AI development in Canada. The Trudeau government made it clear that fiscal restraint would not be a priority in the budget this year. The Liberals did promise not to raise the budget deficit beyond $40 billion. That left the question of how they intend to pay for so many lavish spending promises. On the good news front, the government resisted calls from Jagmeet Singh’s NDP to punish grocers and energy companies with an “excess profit” tax. The budget has no provisions to raise the GST or to increase the personal income taxes of average Canadians....

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