Ahead of an important fiscal update this week, Conservative Leader Pierre Poilievre is demanding Prime Minister Mark Carney cap the federal deficit at $31 billion, in part by eliminating big ticket items like a major rail project and the gun buyback program.

“We should have no deficit,” Poilievre wrote in a letter to Carney. “And if I were Prime Minister right now, we would be on track to achieving that. But your Liberal government has made that impossible for this year.”

The $31 billion cap Poilievre proposes is what the former Trudeau government projected the deficit to be for the 2026-27 fiscal year when it tabled the 2024 fall economic update.

  • SaveTheTuaHawk@lemmy.caEnglish
    3·
    3 days ago

    Certainly not all of our debt was spent wisely but also certainly not all debt is bad either.

    $1.44T in debt means $54B a year in debt servicing that could have been spent on services for taxpayers.

      • SaveTheTuaHawk@lemmy.caEnglish
        1·
        2 days ago

        $1.44T in debt means $54B a year in debt servicing that could have been spent on services for taxpayers.

        • HertzDentalBar@lemmy.blahaj.zoneEnglish
          3·
          2 days ago

          That argument is always silly, the money wouldn’t have exist if it wasn’t for need to service debt money’s not real at that scale its just strokes of the pen. We don’t provide services because a subset of the population doesn’t want that, no other reason.