Federal debt interest charges cost each Canadian $1,400 this year
“Carney needs to reverse course and put down the credit card because taxpayers can’t afford to pay $1,400 covering the government’s interest charges.”
By Canadian Taxpayers Federation Franco Terrazzano, CTF Federal Director—— Bio and Archives--May 4, 2026
Canadian News, Opinion | Comments | Back To Full Article
OTTAWA, ON: The Canadian Taxpayers Federation is calling on Prime Minister Mark Carney to cut spending following today’s Parliamentary Budget Officer report that shows debt interest charges are “showing a concerning upward track.”
“The PBO’s report shows that paying interest charges on the government debt will cost each Canadian about $1,400 this year,” said Franco Terrazzano, CTF Federal Director. “That’s $1,400 that the government is taking from each Canadian that can’t be used to hire nurses, fix potholes or lower taxes because the government is wasting that money paying interest on the debt.”
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