Rising public debt costs form large share of feds’ latest $12.7-billion spending plan

Total released spending plans now sit at $461.8-billion, or 90 per cent of the amount outlined in the April budget for 2024-25. That percentage is on pace with the last two years by this time, but both years the Liberals surpassed their budget plans by billions of dollars.

Treasury Board President Anita Anand tabled the government's latest spending estimates in Parliament on May 23. The $12.7-billion in new spending includes $1.9-billion that will go towards servicing the public debt.The Hill Times photograph by Andrew Meade

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BY IAN CAMPBELL

May 29, 2024

MPs will be asked to vote on $11.2-billion in new budgetary spending, and billions more in statutory measures are set to flow from Ottawa’s coffers, according to the government’s latest round of spending estimates released last week.

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