The 2023 federal budget saw the Liberals hike up their spending plans and devote plenty of attention to affordability concerns, but experts are unconvinced the proposals will make a dent in the finances of everyday Canadians — nor the country’s economic trajectory.
Economists say Finance Minister Chrystia Freeland was in a tough spot heading into the 2023 budget, the second of the Liberals’ current minority mandate.
Canadians have struggled to make ends meet for months amid cooling yet still-high inflation and rapidly rising interest rates. But with a slowing economy and possible recession on the horizon, the government was also tasked with keeping some funds in reserve to avoid overspending and re-stimulating inflation.
Global's Anne Gaviola talked with economists a day after the government released its fiscal plan to find out whether the government managed to thread the needle between helping Canadians and being careful not to stoke inflation.
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