Thanks to the Liberal Party of Canada there is no functioning federal government.
The party prorogued Parliament to allow time to find a new leader — Mark Carney.
Now, under authorization of the governor general, the federal government is spending $40,343,209,650 to bolster Canada’s bureaucracy as Parliament enters its 94th day of prorogation.
That includes $178,154,676 for the CBC — Canada’s state broadcaster.
“The appropriate ministers have reported that the payment of these sums is urgently required for the public good,” the Government of Canada stated on its website.
“And whereas Parliament is not in session and there is no other appropriation under which the payment of these sums may be made. Therefore, Her Excellency the Governor General in Council, on the recommendation of the President of the Treasury Board, under subsection 30(1) of the Financial Administration Act, directs the preparation of a special warrant to be signed by the Governor General authorizing the payment, effective April 1, of the sums mentioned in the schedule, amounting in the aggregate to $40,343,209,650, to be made out of the Consolidated Revenue Fund.”
The Department for Women and Gender Equality received $92,288,381.
Canada’s national debt has seen significant growth over the past decade, reflecting a mix of economic challenges, policy decisions, and global events like the COVID-19 pandemic.
As of March 2024, the national government debt stood at approximately $2.1 trillion CAD. This marks a substantial increase from 2015, when the federal debt was around $619.3 billion CAD.
Over this 10-year period, the debt has roughly doubled, growing at an average annual rate of about 7-10%, with sharper spikes during the pandemic years due to increased government spending to support the economy.
As for debt servicing, the cost for the 2024-25 fiscal year is projected at $54.1 billion CAD, or about 1.8% of GDP.
