The cost of servicing the province’s debt has increased to more than $2 billion.
Government Spending & Taxes
The Trudeau government ran consistent deficits and accumulated significant debt over its first four years in office.
This year's federal budget deficit will be an estimated $343.2 billion.
C.D. Howe op-ed cites no empirical evidence or research to substantiate its opinions.
Canada's equalization program cost Alberta taxpayers approximately $3.1 billion in 2017.
Budget include an additional $185 million in transfers from Ottawa.
Forecasts project a -5.1 per cent decline in the province's GDP.
Such implicit or explicit assumptions invariably lead to unintended consequences.
A large government debt burden can negatively affect economic growth.
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