Finance Minister Bill Morneau indicated that total government spending would balloon to $612 billion by 2021, nearly double the $346 billion spent in 2019
The update on Wednesday underscores the fiscal bloodbath that Morneau finds himself in as he seeks to guide the Canadian economy out of its steepest decline in decades.
Finance Canada provided little insight into when it would begin unwinding the CERB program in particular, saying only that it would “make necessary changes to the program later this summer so people can have the help they need while supporting the recovery.”
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