Government distorts financial picture with definition of capital
“Taxpayers will need to cut through all the accounting noise from the government and focus on one question: Is the debt going up or down?”
By Canadian Taxpayers Federation Franco Terrazzano, CTF Federal Director—— Bio and Archives--October 8, 2025
Canadian News, Opinion | Comments | Back To Full Article
OTTAWA, ON: The Canadian Taxpayers Federation is calling on Prime Minister Mark Carney to focus on reducing debt rather than distorting the financial picture by watering down the definition of “capital” spending, as noted by the Parliamentary Budget Officer.
“The PBO shows the government is inappropriately expanding the definition of ‘capital’ spending,” said Franco Terrazzano, CTF Federal Director. “The reality is taxpayers need to cut through Carney’s budget spin and look at one number: How fast is the debt is going up?”
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