Massive borrowing, soaring interest charges unacceptable
“Borrowing tens of billions of dollars every year is unaffordable and unacceptable,”
By Canadian Taxpayers Federation Franco Terrazzano, CTF Federal Director—— Bio and Archives--June 19, 2025
Canadian News, Opinion | Comments | Back To Full Article
OTTAWA, ON: The Canadian Taxpayers Federation is calling on the federal government to cut spending following today’s Parliamentary Budget Officer report showing debt interest charges cost taxpayers $54 billion in 2024-25.
“The PBO report shows debt interest charges cost taxpayers more than $1 billion every week,” said Franco Terrazzano, CTF Federal Director. “Massive deficits mean interest charges cost taxpayers more than the feds send to the provinces in health transfers.”
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