News Release - Freeland's fiscal update keeps feds on runaway spending train
"The feds need to stop dishing out cash we don’t have and pouring fuel on the inflation fire"
By Canadian Taxpayers Federation —— Bio and Archives--December 15, 2021
Canadian News, Opinion | Comments | Back To Full Article
The Canadian Taxpayers Federation is criticizing the federal government’s spending as the fiscal update shows Ottawa is over budget throughout government.
“Finance Minister Chrystia Freeland is somehow managing to over budget with her spending,” said Franco Terrazzano, Federal Director with the CTF. “Increased tax revenues shrunk the deficit a little, but the government didn’t help because spending is up across the board.”
The fiscal update shows the deficit this year will be $144.5 billion. The debt will reach $1.2 trillion by the end of this fiscal year.
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