Grande Prairie MP Chris Warkentin says the budget tabled in Ottawa will only hurt the average Canadian, including those in the Peace Country.
Tabled Tuesday, the 2025/2026 budget points to a deficit of about $70 billion, with the debt-to-GDP ratio expected to hover around 44 per cent. The government maintains that its spending plan is sustainable, emphasizing growth and productivity rather than rapid fiscal tightening.
Warkentin, however, says the budget is something that is simply unaffordable, and believes that’s the harsh reality that will be felt by residents everywhere.
“This level of spending is utterly reckless and completely unsustainable. It will add record debt onto future generations,” he says.
“This is a budget that will make Mark Carney’s banker and bond holder buddies wealthy while making average Canadians poorer.”
Warkentin adds Canada’s debt is to the point where people are paying more in interest servicing fees than what the federal government sends to provinces for annual healthcare funding. The budget has yet to be voted on in the House of Commons.
