Government Spending on National Debt Interest
2 min Machine translated About Canada
Señora presidenta, ¿y si le dijera que cada semana el Gobierno federal gasta mil millones de dólares en algo que la dejará totalmente atónita?
Esos mil millones no ponen a una enfermera junto a una cama ni construyen una casa para una familia necesitada, ni hacen la vida ni un poco más asequible para los canadienses.
Mil millones de dólares. Eso equivale a mil veces un millón de dólares cada siete días. ¿Y qué reciben los canadienses a cambio de todo ese dinero? Es solo la factura de los intereses de la deuda nacional. ¿Y lo peor?
Esos mil millones semanales no amortizan ni un solo centavo de la deuda en sí.
Pero lo que muchos canadienses quizá no sepan es que el Gobierno federal ha acumulado una deuda tan enorme que solo los intereses ahora ascienden a casi seis mil dólares al año por cada familia de cuatro en Canadá. El director parlamentario del presupuesto nos dice que los intereses de nuestra deuda nacional son ahora el
gasto de más rápido crecimiento en el presupuesto federal.
No hablamos de la atención médica, donde los canadienses ya esperan meses para recibir tratamiento, ni de la defensa nacional, donde nuestras fuerzas armadas necesitan desesperadamente equipo nuevo, ni siquiera de los beneficios de los que dependen los adultos mayores para salir adelante.
Hablamos de pagos de intereses a banqueros corporativos y tenedores de bonos.
Tan solo este año, se espera que el Gobierno federal gaste aproximadamente 59.000 millones en intereses.
Y, según las proyecciones de la OPP, esa factura anual ascenderá a 83.000 millones para 2030.
Imaginen lo que eso significa para la próxima generación de canadienses que heredará No solo la deuda, sino también el costo de pagarla.
End of transcript · 287 words · machine translated
Original transcript (English)
Madam Speaker, what if I told you that every single week the federal government spends one billion dollars on something that will totally shock you?
That billion dollars doesn't put a nurse at a bedside, doesn't build a home for a struggling family, doesn't make life one bit more affordable for Canadians.
One billion dollars. That's one thousand times one million dollars every seven days. And what are Canadians getting for all that money? It's the bill for interest alone on the national debt. And the worst part?
That billion dollars a week doesn't pay off a single penny of the debt itself.
But what many Canadians may not realize is that the federal government has run up such an enormous debt that the interest alone now works out to nearly six thousand dollars a year for every family of four in Canada. The Parliamentary Budget Officer tells us that the interest on our national debt is now the fastest-growing expense
in the federal budget. We're not talking about healthcare, where Canadians are already waiting months for treatment, or national defense, where our military desperately needs new equipment, or even the benefits that seniors rely on to get by.
We're talking about interest payments to corporate bankers and bondholders.
This year alone, the federal government is expected to spend approximately fifty-nine billion on interest.
And according to the PBO's projections, that annual bill is going to climb to eighty-three billion by twenty-thirty.
Just imagine what that means for the next generation of Canadians who will inherit not only the debt but the cost of servicing it.
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