
The Canadian Taxpayers Federation says there is lot to dislike with today’s federal budget.
Federal Director Aaron Wudrick says the Trudeau government is spending like no tomorrow with federal debt projected to rise to $761-billion by 2024.
Wudrick says even though revenue projection increase they are being outpaced by spending. That said, he adds there some positives as well.
“There are a few things,” he said. “They are working towards removing barriers from interprovincial trade so that will be good for consumers.”
“They are going to take GST and HST off of some health care services and tracking down tax evasion. There are a few good things in there but the general take away is that these guys are just going to continue to spend like the money is unlimited.”
Wudrick says the first steps in a national pharmacare program are also concerning with no evidence of thought for how to pay for it.
He noted that the country’s finances won’t be able to handle a financial slump, or heaven forbid, a full blown recession.
“We’ve seen this movie before,” Wudrick added.
“They’ve built in no contingency, they haven’t set aside money for a rainy day and now all it’s going to take is a downturn in the economy and their whole fiscal plan will be out the window.”













