Tag: yt:cc=on

The Government of Canada’s Expenditures

Now that you’ve had an overview of how Canada’s budget works, let’s explore the federal government’s expenditures. This is how the government spends its money. Canada’s expenditures can be divided into three main areas: transfer payments, program expenses and interest on the national debt. Transfer payments are the government’s largest spending category. What are transfer payments exactly? Transfers are any...