Federal spending dropped four per cent in 2022-23 as public debt charges continue climb

Finance Canada was the highest-spending department for the second year in a row at $117.8-billion, and ministerial office expenditures rose by $18.2-million in 2022-23.

Treasury Board President Anita Anand, who took over the portfolio on July 26, tabled the 2023 Public Accounts in the House of Commons on Oct. 24. The Hill Times photograph by Andrew Meade

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BY LAURA RYCKEWAERT

November 6, 2023

As Canada’s fiscal books continue to come down from COVID-fuelled highs, federal spending dropped for the second year in a row in 2022-23, but public debt charges continue to rise.

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