Liberals promise help with high debt levels
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Hey there, time traveller!
This article was published 28/09/2023 (1078 days ago), so information in it may no longer be current.
The Manitoba Liberal Party has unveiled its platform commitments aimed at addressing high debt levels for individuals, businesses, and farmers in Manitoba.
The initiative comes as a response to the mounting debt crisis that has been exacerbated by the ongoing pandemic.
“Manitobans were facing serious debt loads before the pandemic, and the pandemic only made it worse. Many folks — including seniors — are having to turn to debt to pay for medication or groceries,” Liberal Leader Dougald Lamont stated. “Manitoba Liberals will act now to help ensure that farmers stay on the farm and business owners can stay in their business. Clearing away the burden of these debts will help people move forward, and we can put those savings into new growth.”
He stated that the key commitments of the Manitoba Liberals are $2 million in annual funding for the Credit Counselling Society and the creation of a Debt Compromise Board.
Lamont emphasized the importance of debt reduction and restructuring in addressing various economic challenges faced by Manitobans.
“Whether it is the housing crisis or out-of-control inflation, people can’t afford to live on going wages, and the root cause is the same — it’s too much debt. The Bank of Canada is driving people and businesses into bankruptcy with rate hikes when people need relief,” he stated. “Whether it’s for a senior, a student, an entrepreneur or a farmer, reducing the burden of old debts is the first step in the renewal we need.”
» The Brandon Sun