Amount of federal debt unknown after rapid spending by Trudeau government
In a worrying sign for government transparency, taxpayers will not know how much money was spent until more than a year from now.
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In a worrying sign for government transparency, taxpayers will not know how much money was spent until more than a year from now.
In a worrying sign for government transparency, taxpayers will not know how much money was spent until more than a year from now, according to Blacklock's Reporter.
The level of post-pandemic transparency is so opaque that auditors have complained that they are not aware of exactly what the Trudeau government's spending has been over the last few weeks.
Auditor General Karen Hogan said that "the Covid-19 pandemic is costly. In my opinion the verification following Covid-19 will take more than a year."
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View on YouTubeTrudeau's Department of Finance previously admitted that they were not aware of the size of the deficit—leading to an awkward exchange between Finance Minister Bill Morneau and Shadow Finance Minister Pierre Poilievre.
The best and most recent estimate suggested that Canada's deficit had reached $252.1 billion, an unprecedented amount of money.
"For me the first step would be to make sure I know the full extent of the spending," continued Hogan. This, however, has been made impossible. Exactly when it will be possible to tally the figures is not yet known.
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