Carney’s First Budget: Record Debt, Rising Costs
Prime Minister Mark Carney unveils a $78.3-billion deficit and $1.3-trillion debt plan — Kris Sims breaks down what it means for taxpayers.
Prime Minister Mark Carney has released his first federal budget. It projects a $78.3-billion deficit this year, pushing the national debt to about $1.3-trillion. The cost of servicing that debt now totals $55.6-billion in annual interest payments.
The government says the spending plan will boost economic growth and strengthen public services, but critics warn that the rising debt could leave taxpayers vulnerable if interest rates increase again. The budget also maintains the federal carbon tax and expands infrastructure and defence investments.
Kris Sims gets reaction and analysis from Canadian Taxpayers Federation federal director Franco Terrazzano, and journalist John Robson.
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WTF is it with these damn Liberals??!! The key to Canada's prosperity is to get the hell out of the way...not impose MORE government bureaucracy and programs!
Picking Champagne as finance minister is just an insult to real Canadians and was done as an inside Carney joke. I wouldn’t trust that little puffball with a piggy bank.
That picture you used for the article makes me throw up in my mouth.
So sick of this country!