Under this budget, Canadians will shell out $43.9 billion this year simply paying interest on $1.22 trillion of total public debt.
.By 2027-28, Freeland projects, Canadians will pay $50.3 billion annually in interest on $1.31 trillion of total debt.Article content
She said the Liberals are reducing projected government spending by more than $15 billion, which means they have to find that much money in savings or this year’s deficit could be even higher.
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