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Interest Cost Risks to Government Budgets
This essay calculates the change in government interest costs and budget balances if interest costs return to their 2019-20 levels. Estimates are calculated for 2021-22 gross debt levels for each of the provinces and the federal government. ...
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Trudeau government fuels economic uncertainty
The prime minister’s mandate letter raised the idea of taxing "extreme wealth inequality.” ...
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Federal ‘stimulus’ spending will likely arrive late with minimal benefits
The government says $101 billion in stimulus spending is required for “sustained economic recovery.” ...
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Spending reductions—not tax increases—key to economic recovery and budget balance
According to current projections, the federal government will not balance the budget until 2050. ...
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Alberta’s woes threaten Canada’s finances from coast to coast
Ottawa annually pocketed $22 billion more in revenue from Alberta than it spent in the province. ...
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Trudeau government’s approach to federal finances anything but ‘prudent’
Appeared in the National Newswatch, December 2, 2020 Since coming to power in 2015, Prime Minister Trudeau —and his finance ministers —have characterized their management of federal finances as “prudent,” an adjective meaning to act with or show care and ...
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Trudeau government continues to dodge democratic accountability
This government has not released a long-term forecast of spending, taxation and borrowing since 2018. ...
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Trudeau government should provide fiscal projections to Canadians
The CERB is now estimated to cost $61.1 billion compared to the original estimate of $40.6 billion. ...
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Trudeau government smashes spending record, must right country’s fiscal ship
Appeared in the Toronto Sun, May 27, 2020 The federal deficit—that is, the amount of government spending in excess of government revenues this year—is now estimated at more than $250 billion and counting. The sticker shock has many Canadians increasingly ...
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Getting political responsibility right in times of crises
More often than not, politicians are given too much credit for both economic expansions (i.e. prosperity) as well as recessions. That’s not to say that policies don’t matter because they do. But the idea that a politician or government ...