Northern MP calls Liberal budget ‘reckless’
Desnethé-Missinippi-Churchill River MP Gary Vidal is calling the 2023-2024 federal budget reckless.
“Just simply the amount of spending,” he said. “If you go back to 2015, when the Liberals came to power, the annual expenditures of the government were about $280 billion. At the end of 2022/2023, … we’re going to be at about $480 billion. That’s $200 billion more than they were in 2015 and their projections over the next six years take that up to $557 billion. That’s another $76 billion from what we spent in 2022-2023 in seven years.”
The budget, released on Tuesday, is calling for spending of nearly $491 billion in the 2023-24 fiscal year and the deficit set to reach $40 billion. In the next five years, the government expects to increase spending by nearly $60 billion. That means the government no longer expects to be able to balance the books by the 2027-28 as was projected in the fiscal update last fall.
Some of the highlights from the budget include a one-time grocery rebate, which will provide eligible families with up to $467 and single people with no kids up to $234. There’s also a 40 per cent increase to Canada Student Grants, a $13-billion plan to expand dental care to families earning less than $90,000 per year, a new 15 per cent refundable tax credit for clean electricity investments and a refundable 30 per cent tax credit for investments in clean tech manufacturing.


