Deficits & Debt

— Aug 21, 2018
Printer-friendly version
Restoring Ontario's Public Finances

Restoring Ontario’s Public Finances finds that Ontario’s new provincial government can balance the budget and even cut taxes, but doing so will require a focus on spending discipline. In fact, a five per cent reduction in spending from 2017/18 levels would achieve a balanced budget by 2020/21—years earlier than the 2024/25 timeline set by the previous government—and also free up $21 billion in fiscal room, which could be used to reduce taxes.

— May 24, 2018
Printer-friendly version
The Decline of the Other Alberta Advantage: Debt Service Costs in Alberta Are Rising

The Decline of the Other Alberta Advantage: Debt Service Costs in Alberta Are Rising finds that every Albertan will pay, on average, $442 this year in interest on the province’s growing debt, compared to just $58 a decade ago. And if the province’s debt trend continues, debt-servicing costs may exceed $1,000 per person within the next 10 years.

— Mar 27, 2018
Printer-friendly version
Why Is Alberta’s Deficit Still So Big?

Why Is Alberta’s Deficit Still So Big? finds that the province’s $8.8 billion deficit this year is not primarily due to low oil prices, but is largely a product of the Notley government’s spending decisions. In fact, if the current government had adhered to the spending plan it inherited from its predecessor laid out in the 2015 budget, the deficit today would be approximately $3 billion—less than half of the deficit actually posted in the recent provincial budget.

— Feb 23, 2018
Printer-friendly version
Back on Track: How the Federal Liberals Can Deliver Their Promised Balanced Budget by 2019/20

Back on Track: How the Federal Liberals Can Deliver Their Promised Balanced Budget by 2019/20 finds that a modest one per cent reduction in program spending—spread out over two years—would achieve budget balance. Incidentally, since coming into office in 2015, the federal Liberals have increased program spending by 20.1 per cent ($51 billion) in just three years.

— Feb 1, 2018
Printer-friendly version
Federal Deficits and Recession: What Could Happen

Federal Deficits and Recession: What Could Happen finds that a recession could push the annual federal deficit to between $46 and $120 billion by 2020/21 given the federal government is already running deficits during times of positive economic growth.

— Oct 23, 2017
Printer-friendly version
An Analysis of Federal Debt in Canada by Prime Ministers Since Confederation

An Analysis of Federal Debt in Canada by Prime Ministers Since Confederation tracks the debt legacies of every Canadian prime minister and finds that Prime Minister Justin Trudeau is on track to increase per-person federal debt more than any other prime minister who didn’t face a world war or economic recession.