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Federal budget 2023: Will government’s fiscal plan make life more affordable for Canadians?

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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.

For more info, please go to https://globalnews.ca/news/9587852/budget-2023-affordability-inflation-bank-of-canada/
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Category
U.S. & Canada
Tags
global news, Federal Budget 2023, Federal budget
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