Trudeau gov't gives itself permission to borrow $635 billion this year

Justin Trudeau's Liberal government has approved its own request to borrow $635,000,000,000 for the fiscal year 2021-2022.

The news release states, in part:

For 2021-2022, an annual borrowing authority of $635 billion is required in order for the federal government to support Canadians and meet anticipated financial needs.

Canada currently holds more than $1,097,449,000,000 in federal debt.

Rebel News

Staff

Articles written by staff at Rebel News to help tell the other side of the story. 

COMMENTS

Be the first to comment

Please check your e-mail for a link to activate your account.