The federal debt-to-GDP ratio will increase to 42.4 per cent in 2023-24 then climb higher in 2024-25.
Let the Sun Shine In! Policy Transparency Improves Economic Outcomes: The Experience of Monetary Policy with Lessons for Fiscal Policy
Government borrowing crowds out private investment and lowers the economy’s productive potential.
The 2016-2019 period contained the weakest performance for income growth, labour markets and business investment.
Alberta’s government debt burden is set to eclipse Saskatchewan and B.C.’s this year.