Since elected he has added 50.8 billion to the debt. The government's own fall update is forecasting adding another 95.2 billion to the debt by the 2022/23 fiscal year with an additional 28 billion in borrowing for the two years after that. That will be an addition of 146 billion to the national debt by the end of the 2022/23 fiscal year and 174 billion forecast total by 2025. Nearly a 25% increase in the debt by 2023. He is on track to add more to the federal debt than any PM who has not had a major recession or war during their tenure.
Mulroney added more debt than that during his first 6 years in office
before the 1991 recession.
Home
Contact
Login
Register