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Parliamentary Budget Officer Slams Federal Defence Spending
Description
Canadas Parliamentary Budget Officer Annette Ryan critiques the federal governments Spring Economic Update, highlighting missing details on the $82 billion defence spend and core defence needs ballooning to $159 billion by 2035-2036. Ryans team chases info from National Defence, revealing a spike in deficit and debt-to-GDP ratio. The governments plan to cut $60 billion in operations over five years lacks updates. Conservatives and Finance Minister Francois-Philippe Champagne clash over debt interest and economic growth. Ryan advocates for better metrics on taxpayer value and pensions in debt calculations, with more details on the Sovereign Wealth Fund to come.
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