Deficits & Debt

— Feb 2, 2023
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Federal and Provincial Debt-Interest Costs for Canadians, 2023 edition

Federal and Provincial Debt Interest Costs for Canadians, 2023 edition is a new study that finds Canadians in every province will pay more than $1,300 per person in 2022/23 on government interest costs, totalling $68.6 billion on interest payments for the federal and provincial debts.

— Jan 10, 2023
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The Growing Debt Burden for Canadians: 2023 Edition

The Growing Debt Burden for Canadians: 2023 Edition finds that not only has Canada’s projected combined government debt (the federal debt and the provincial debt of all 10 provinces) nearly doubled since 2007/08, the year before the last recession, but the combined debt now equals 74.6 per cent of the Canadian economy.

— Dec 6, 2022
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An Evaluation of Three Alternative Fiscal Anchors for Canada

An Evaluation of Three Alternative Fiscal Anchors for Canada is a new study that evaluates three fiscal rules that Canadian governments could adopt: (1) a debt reduction target, (2) a ceiling on the ratio of interest payments to revenues, and (3) a balanced budget rule (achieved by either spending restraint or tax increases).

— Nov 17, 2022
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Measuring the Fiscal Performance of Canada's Premiers, 2022

Measuring the Fiscal Performance of Canada's Premiers, 2022 is a new study that ranks Canadian premiers (seven current and four former) based on three fiscal policy categories: government spending, taxes, and deficits and debt up to the fiscal year 2021/22. Premiers who managed spending more prudently, balanced the budgets, and or paid down debt ranked higher.

— Jul 14, 2022
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Examining Federal Debt in Canada by Prime Ministers Since Confederation, 2022

Examining Federal Debt in Canada by Prime Ministers Since Confederation, 2022 is a new study that finds Prime Minister Trudeau’s government has increased per-person debt by 35.3 per cent since 2015, the third highest amount since World War II.

— Jul 7, 2022
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The Fiscal Costs of Debt-Financed Government Spending

The Fiscal Costs of Debt-Financed Government Spending is a new study that finds debt-financed government spending has real economic costs, even when interest rates are very low, including slower economic growth, lower private sector incomes, and spending cuts and/or tax increases by government to stabilize debt levels.