Debt interest charges fastest-growing cost: PBO

OTTAWA, ON: The Canadian Taxpayers Federation is calling on Prime Minister Mark Carney to stop borrowing money following today’s Parliamentary Budget Officer report that shows the cost of debt interest charges more than doubled since 2021.

“The fastest-growing cost in the government’s budget is the credit card bill and that should be setting off alarm bells in Ottawa,” said Franco Terrazzano, CTF Federal Director. “Carney is spending more, borrowing more and taxpayers are paying more than $1 billion every week just to cover interest on the debt.”