Canadian Finance Minister Chrystia Freeland has raised the national debt ceiling to a record $2.16 trillion, marking the second increase under the Trudeau administration in three years. This new limit is noted as nearly double the previous ceiling and roughly equivalent to Canada's annual economic output. Freeland emphasized that this move is a response to what would happen with austerity measures, suggesting that without government support, Canadians would have to fend for themselves. She reassured that the government is committed to being at the service of its citizens.
Finance Minister Chrystia Freeland has abandoned her promise to reign in spending after raising the national debt ceiling for the second time in three years. https://t.co/yiBOCllV6u
“An astonishing figure because it’s double what debt ceiling was just 3 years ago. It’s almost equivalent to entire economic production of Canada in one year.” PODCAST: @FinanceCanada Minister @cafreeland hikes nat’l debt ceiling to record $2.1 trillion https://t.co/iGCwwQER5c https://t.co/glxnk5feUr
Canada’s public debt has doubled under the Liberals, from $600 billion to $1.2 trillion. Now Freeland wants to increase the government’s borrowing limit to $2.1 trillion. Why? Is she planning another massive spending spree like during covid? https://t.co/cDSqgWQb2r
#REPORT: Chrystia Freeland is hiking Canada's debt ceiling to $2.16 TRILLION, the second debt ceiling hike by the Trudeau Liberals in three years. https://t.co/wbJ4i4bjlp
.@CaFreeland hikes pre-elxn debt ceiling for 2nd time in three years to $2.1 trillion, a Canadian record. Not a typo. "Our gov't is at your service," Freeland told reporters. https://t.co/V62fT0DbAX #cdnpoli https://t.co/wbsedQn8Ho
Finance Minister raises nat’l debt ceiling for 2nd time in 3 years to record $2.1 trillion. “Let’s be honest on what austerity and a shrunken federal gov’t would mean for Canadians. It would mean you would have to fend for yourselves.” — @cafreeland https://t.co/BXUOFx5HqG https://t.co/niW0OGJKLV