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Wednesday, December 10, 2025

Canada’s Politics and Government News Source Since 1989

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Wednesday, December 10, 2025 | Latest Paper
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Federal budgets should target balance, not the inadequate fiscal anchor

The government’s weak fiscal anchor is the fundamental defect of Budget 2022, justifying higher spending, continued borrowing, and ever-increasing debt charges, all of which erode Canada’s financial resilience.

While Finance Minister Chrystia Freeland properly urges in her foreward that 'the extraordinary debts we incurred to keep Canadians safe and solvent must be paid down,' the budget does the opposite by adding $150 billion to that debt over the next five years, reaching a total exceeding $1.3 trillion, writes Geoffrey Turner. The Hill Times photograph by Sam Garcia
Opinion
BY GEOFFREY TURNER
April 25, 2022
Opinion | BY GEOFFREY TURNER | April 25, 2022

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Liberal MP Carlos Leitão, parliamentary secretary to the industry minister, will take part in a French panel discussion on hosted by the Montreal Council on Foreign Relations on Dec. 11. The Hill Times photograph by Andrew Meade

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