The total spending from the Trudeau administration to fight COVID-19 in Canada is staggering. CBC News investigations found that the levels are unprecedented, averaging about $952 million per day.
That figure includes about $240 billion in transfers and payments to government entities, organizations, businesses, and individuals starting at the first lockdowns that happened on March 13, 2020.
Over 100 measures are responsible for this spending, with most of them created from scratch as a response to the pandemic.
The figures are easily available from the government, but the taxpayers don’t know who is getting most of the funds. That’s why the public is starting to push back against Trudeau’s handling of the COVID issue.
The Total Could Rise to $322.3 Billion for All of 2020
The final spending figures for the COVID fight aren’t expected until the middle of 2021. Early estimates suggest that the government could reach over $320 billion in new spending from the previous fiscal year.
That means there isn’t a way to budget governmental needs because it is unknown what the public and private sectors will need. Although the COVID vaccine results look promising, the final groups might not get their shots until late in the year.
CBC News tracked over $105 billion sent to individuals as part of the study. They also took a look at the $81 billion sent to the CERB – the Canadian Emergency Response Benefit. It provides $2,000 monthly payments to qualified Canadians who are unable to work.
In comparison, only $9 billion was spent during the pandemic on youth employment and skills development. Just $6.11 billion went to PPE purchases.
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