C.D. HOWE commentary - Less for Ottawa, More for Canadians:

Howe Institute’s 2024 Shadow Federal Budget will reduce the pressure of federal spending and borrowing on Canada’s economy, improve the equity and effectiveness of federal programs, and make room for personal and corporate income-tax relief to stimulate growth. [...] Budget The Status Quo Outlook Facing Table 3 below shows the magnitude of actions the Shadow Budget necessary to go from the starting point of the FES to the fiscal results in the Shadow Budget. [...] The savings proposed in the 2023 Budget, Growth in program expenses, even before and currently being pursued by the President of the including net actuarial losses – belated recognition Treasury Board, amounted to only $15.3 billion over of the cost of the federal government’s pension five years. [...] The need to balance the budget limits scope for personal income tax relief in the near term, but Improving the Efficiency and Fairness of the a downpayment on further progress is possible. [...] Howe Institute’s 2024 Shadow Budget prefigures: Shadow Federal Budget put the federal government on a path to budget balance and ultimately • A reduction in the target for new, permanent residents to 350,000 per year, and a reduce the federal debt-to-GDP ratio below its corresponding increase in the thresholds for pre-pandemic level.