The Liberals may struggle to achieve the necessary savings in an upcoming spending review, according to a report from the C.D. Howe Institute.

The report indicates that the savings identified will be insufficient to prevent the debt-to-GDP ratio from increasing, which could lead to higher government debt costs. The report suggests that the Liberals should focus on capping spending and reducing waste in order to help alleviate inflation, thereby potentially lowering interest rates and the cost of living.