Similarly, Carney’s push to reduce the size of the federal public service was widely applauded — and rightly so. Earlier this year, the Treasury Board reported that the federal workforce shrank by over 12,000 positions in the last fiscal year, or about 3.5 per cent. That is a positive step, but the government’s latest fiscal projection, the spring economic update, has total program expenses excluding net actuarial losses rising from $489.9 billion in 2024-25 to $512.8 billion in 2025-26, and then to $536.1 billion in 2026-27. So whatever savings are being achieved through headcount reductions are being offset by more spending elsewhere.
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