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The Liberal Party, under Mark Carney, has unveiled a costed platform proposing an unprecedented increase in debt, amounting to $224.8 billion over the next four years, averaging $56.9 billion annually. This new debt accumulation, which translates to $4 per day per Canadian, is significantly higher than previous forecasts and mirrors spending patterns seen during the tenures of Pierre Trudeau and Brian Mulroney, raising concerns of fiscal sustainability. Carney’s proposed deficits represent a substantial escalation from Justin Trudeau’s administration, which had already witnessed historic debt increases due to the COVID-19 pandemic.
