VANCOUVER—Prime Minister Justin Trudeau is on track to increase per-person federal debt more than any other prime minister who didn’t face a world war or economic recession, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Government debt matters—higher debt means more tax dollars are diverted away from important public programs in order to pay interest, and it leaves future generations on the hook to pay for today’s spending through higher taxes,” said Charles Lammam, director of fiscal studies at the Fraser Institute and co-author of An Analysis of Federal Debt in Canada by Prime Ministers Since Confederation.
