In reality, Canada’s government debt is high relative to other comparable countries.
The government increased projected nominal program spending by $10.1 billion since the fiscal update last fall.
Government borrowing crowds out private investment and lowers the economy’s productive potential.
In the region, on a per-person basis, Toronto spent the least on waste disposal, sewer systems and other environmental infrastructure.
When linked to a GST hike, support for a national prescription drug program falls from 79 per cent to 40 per cent.
B.C.'s net debt will reach a forecasted $88.8 billion by 2024/25.
According to estimates, economic growth is maximized when government spending is about 26 per cent of GDP.