|
Dear John,
Remember Ottawa's poorly-targeted COVID spending, and how it was sent to so many ineligible recipients?
It's going to cost you even more now.
A new study published by the Fraser Institute today finds that the total cost of the federal government’s wasteful COVID spending will eclipse $110 billion by 2032/33, partly as a result of higher debt interest costs.
Remember: an estimated 25% of Canada’s COVID spending ($89.9 billion) was wasted in the form of overpayments, money being sent to ineligible recipients, and/or those that weren’t in genuine need.
The study finds that this spending has added $8.3 billion to present-day interest costs on the country’s national debt.
And just like all government debt, those new interest costs will be covered by... taxpayers.
Check out the full study here, and be sure to spread this one far and wide.
Sincerely,
Niels Veldhuis
President
The Fraser Institute
|
