OTTAWA — A debt and deficit disaster.

That’s how Franco Terrazzano of the Canadian Taxpayers Federation described Tuesday’s long-awaited federal budget — the first from Prime Minister Mark Carney’s fledgling Liberal government.

“Debt is spiralling out of control because spending is spiralling out of control,” Terrazzano told the

“Welcome to Canada, where every dollar you pay in federal sales tax is going to pay interest charges on the federal government’s debt.”

Tuesday’s federal budget garnered varied reactions throughout Ottawa, with many pointing to its eye-watering $78.3-billion deficit.

“It’s not wildly outside expectations, given what we knew heading into the spring election, looking at both the Liberal campaign and the Conservative campaign,” said Travis Shaw, senior vice-pr

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