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.
Program spending is projected to increase from pre-pandemic levels by 15.2 per cent in 2021/22.
The federal debt will reach nearly 70 per cent of GDP by 2050.
Governments can find themselves at a new baseline spending level far in excess of revenues.