Federal Finance Minister Chrystia Freeland took a bold and decisive step to control spending.
“I personally, as a mother and wife, look carefully at my credit card bill once a month and last Sunday, I said to the kids, ‘You’re older now, you don’t watch Disney anymore, let’s cut that Disney+ subscription,’”Freeland said. “It’s only $13.99 a month that we are saving but every little bit helps.”Sign up to receive daily headline news from the Ottawa SUN, a division of Postmedia Network Inc.
“I believe that I need to take exactly the same approach with the federal government’s finances, because that’s the money of Canadians,” Freeland said.Last week, the minister unveiled a fall economic statement that was awash in red ink, new spending and new taxes. Unlike what she told the public she does with her own budget, Freeland wasn’t reviewing or cutting back on government spending.
It’s true that the pandemic spending, and deficits that go with that, have largely been wound down but somehow we still have massive deficits. Between the April 2022 budget and last week’s mini-budget, Freeland increased the projected spending for the current fiscal year by $20 billion from $452 billion to $472 billion. Public debt charges, the interest on our national credit card debt, will rise from a projected $26.9 billion in the April budget to $34.7 billion in the fiscal update.tap here to see other videos from our teamNext year, Canada will spend $43.
It is for all of these reasons we wish Freeland would begin the process of looking for where the federal government can find its own Disney+ subscriptions to cut.
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