The government’s gross debt has increased by 50 percent while the federal Liberal Party has been in power, representing $47,179 per Canadian, according to a new report.
An Economic Note published April 18 by the Montreal Economic Institute (MEI), an independent public policy think tank, indicates Canada’s total gross debt, referring to all of the federal government’s debts and unfunded financial commitments, was over $1.8 trillion as of March 31, 2022.
In April 2015, Justin Trudeau said that if voters put their trust in him, he would balance the budget as of the very first year of his term, the note states. By December 2015, the newly elected prime minister backtracked and said it would take four years to return to a balanced budget….