This year, the 10 provinces are projected to run cumulative deficits of nearly $80 billion.
In Canada, government net debt has doubled from $1 trillion to $2 trillion.
The Trudeau government forecasts a $154.7 billion budget deficit in 2021/22.
The provincial government projects a $112 million operating deficit this year.
The province faces a projected $779 million budget deficit for 2020.
Both B.C. and Saskatchewan now carry less per-person provincial government debt than Alberta.
Ontario will spend an estimated $13 billion on government debt interest costs in 2020/21.
High rates can influence people’s decisions on where to work or start new businesses.