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Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (35622)	7/2/2025 4:06:07 PM
From: beebbb	1 Recommendation Recommended By longz Respond to of 37770

From an economist. Elbows up for debt and taxes. Carney added that a review of expenditure plans is set for 2029. "Depending on how the threat environment evolves globally, and if we are moving to higher and higher levels of defense spending because that's necessary, then we will have to make considerations about what less the federal government can do in certain cases, and how we're going to pay for it," he said. Previously, Carney said the government had no plans to raise taxes to help fund the defense-spending increase. Bank of Nova Scotia economist Derek Holt said what's under consideration is government spending on defense of up to C$1.5 trillion over 10 years, and that could swamp the fixed-income market with bigger and more frequent bond offerings. "I suspect we'll see some combination of funding plans unfold with higher taxes, at least an attempt at containing operating spending growth, some asset sales, and more debt," he said marketwatch.com