Massive deficits send debt interest charges soaring
OTTAWA, ON: The Canadian Taxpayers Federation is criticizing the federal government’s 2024 budget for hiking taxes, increasing spending and allowing debt interest charges to eat up $54 billion of the budget.
“Debt interest charges are costing taxpayers more than a billion dollars every week,” said Franco Terrazzano, CTF Federal Director. “Massive deficits mean interest charges will cost taxpayers more than the feds send to the provinces in health transfers this year.