National Post: 'Since March 2020, the federal government has spent or planned to spend $576 billion in new measures — but more than a third, $204.5 billion, of this spending has nothing to do with the COVID-19 pandemic according to an analysis by the Parliamentary Budget Officer (PBO)...
'...The PBO’s projected deficits are on average $10.5 billion higher per year than what is mentioned in the budget — having taken into account lower projected revenues in corporate income taxes and a slower reduction of program expenses than anticipated.
'Whereas the budget projected a deficit of $52.8 billion this year and lowered at $8.4 billion in five years, the PBO projects the deficit to be $56.6 billion this year and $20.2 billion in 2027.'
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