Yesterday, May 29th, the Parliamentary Budget Officer, an independent overseer of the governments business, issued the “Fiscal Sustainably Report” for 2016. This report assessed the long term sustainability of the federal and provincial government’s debt, and if they would remain sustainable under current taxation and spending trends.

 
The 2016 report finds that since last year, Canada’s overall public debt has become unsustainable, primarily due to higher federal spending. The report further went on to state that public debt is growing uncontrollably, and that the Liberal government will have no choice but to raise taxes. Further to that, the PBO also warned that, given increasing public debt, the single biggest challenge facing the Liberal government is funding health care.

 
What we know is clear, less than a year into their mandate; the Liberals have seriously weakened Canada’s finances, leaving no room to respond to a crisis like the Fort McMurray wildfire or an economic slump due to the Brexit. While our previous Conservative government offset rising provincial debt by balancing the federal budget, the Liberals just cannot help themselves when it comes to spending taxpayer money.

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What is most despairing about the report, that was issued yesterday, was in regards to the Liberal government’s complete disregard for the cost of essential health care services, which continually is increasing. Provinces and Territories will eventually need more money to address rising health care costs, and given the current state of the country’s finances, the Liberals will be forced to either raise taxes further, or cut health care services.

 
Despite not being in a recession, the Liberals are borrowing billions of dollars and plunging the country into deficit to pay for their out of control spending. They recently introduced a CPP tax-hike on youth, middle class families and small business owners and also cancelled various tax credits, which were introduced by our previous Conservative government, that will impact families negatively, not aid in the creation of jobs and leave a future of uncertainty for our children.

 
Conservatives remain united in holding this Liberal government accountable for their out of control spending and actions.