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 on the finances of everyday Canadians, nor the country’s economic trajectory.
Economists had told Global News that 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 but still-high inflation and rapidly rising interest rates.
Yet 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.