Canada’s federal debt is growing at a rate $80 million per day. This level of borrowing is costing Canadians not just the principal, but additional interest each year. In fact, the federal government spends $26 billion per year just paying the annual interest on the debt.
Between 1997 and 2008 the federal government was running surplus budgets and paying down our debt. The Harper government then ran six deficits, adding $144 billion in new debt, before balancing the budget again in 2016. Now the new Trudeau government is planning an indefinite number of deficits, and another $118 billion in debt, which would see our federal debt climb to more than $718 billion – that’s $20,000 for every single Canadian!
The CTF believes it is irresponsible for governments to borrow money and force future generations to pay the bill and we are urging the new Trudeau government to develop a plan to return to balance as soon as possible.
Use the buttons below to contact Finance Minister Bill Morneau and Prime Minister Justin Trudeau, to sign the petition, to balance the budget, and to donate a few dollars to the campaign. Canadians need to stand up and be heard on this important issue!