The Canadian federal budget is on track to be balanced – but it won’t happen until 2041.
That’s the warning from the Canadian Taxpayers Federation (CTF), a taxpayer advocacy group known for exposing the dangers of high government spending and rapidly increasing debt.
“Taking another two decades to balance the budget is too long and even that target won’t be met if interest rates tick up, the economy doesn’t grow every single year or politicians can’t find the willpower to say no to new spending,” said the federal director of the CTF Franco Terrazzano.
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