On Parliament Hill

$90 Billion More in Debt?

  • Ted Falk, Author
  • Member of Parliament, Provencher

As the Member of Parliament for Provencher, I would like to share with you a concern of mine regarding Canada’s financial situation.

During the federal election, the Liberals suggested that they would take a balanced Conservative budget and transform it into a $10 billion deficit. Now, a new report by the National Bank of Canada shows an even more gloomy situation and states that the Liberal government could indeed see an accumulation of $90 billion in debt over the next 4 years due to their spending promises.

While the government cannot control the uncertainty in the global economy, it can control its actions during these challenging times. While Canadian families are worried about their jobs and financial security, now is not the time for out of control spending that will lead to waste and higher taxes.

My office has received a great deal of feedback from constituents who say that they want the federal government to be prudent with their finances. Governments need to remember that the money they collect belongs to hard working taxpayers and not to politicians or bureaucrats.

There seems to be a concerning trend that the new Liberal Government is focusing on out of control spending rather than prudent financial management of our national economy.

I have been clear that I will work with the new government in the best interests of Canadians and our riding. In this particular case, I believe that being fiscally responsible in this time of global uncertainty is in the best interest of the residents of Provencher and I will deliver that message loud and clear to the Liberal Government in Ottawa.