debt and deficit

12:52PM
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Personal income tax rates are being hiked across the board, between one and three percentage points depending on income.


11:24AM
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Manitoba’s newly-elected government faces some important fiscal challenges.


12:00PM
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The province has run an operating deficit in all but one year since 2008/09—even when oil prices exceeded $90 per barrel.

3:00AM
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The deficits to fiscal year 2020-21 will total $118.6 billion.


3:17PM
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By the early 1990s, a third of all federal government revenue was being used simply to pay interest on the debt.


10:41AM
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The $5.4 billion projected deficit in 2015/16 is driven by higher spending—not a weak economy.


11:36AM
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At $29.4 billion, the projected budget deficit in 2016/17 is larger than the cumulative budget deficits projected for the entire mandate in the Liberal platform.


9:35AM
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By 2017/18 spending will be up by $50 billion from 2014/15, representing a jump of 20 per cent.


4:04PM
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Prime Minister Trudeau’s upcoming first budget reportedly contains a deficit in excess of $30 billion.