Federal Payroll

What Ottawa Isn't Saying About Canada's Deficit

Gregory Thomas | Posted 02.16.2013 | Canada Business
Gregory Thomas

Why has Canada's federal debt jumped over 30 per cent since 2008, to over $600 billion? Why did the government miss its deficit target by $1.4 billion last year, and what is pushing this year's deficit forecast higher by more than $5 billion to $26 billion? Figures released by the PBO show that, contrary to all the talk we've been hearing about cutbacks, Ottawa's payroll is getting out of control.