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Dear John,
Despite the large federal budget deficits and mounting debt, the explosive growth of Indigenous spending is expected to continue – and it's being driven largely by settlement payouts.
A new Fraser Institute study out today finds that federal Indigenous spending rose from about $11.5 billion in 2015/16 to $25 billion in 2021/22 — and will reach a projected $35.5 billion in 2026/27!
Negotiated settlements of class action lawsuits, including the recent $40 billion child welfare settlement, comprise much of this increase.
Learn more by checking out the full study here.
Sincerely,
Niels Veldhuis
President
The Fraser Institute
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