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1. 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. ...

2. Debt interest burden highlights Newfoundland and Labrador fiscal crisis

   At $2,055 per person, the province's government debt burden is the highest in Canada. ...

3. Rising debt interest costs further threaten Alberta finances

   By 2023/24, debt interest will consume 6.6 per cent of all provincial revenues. ...

4. Federal and Provincial Debt-Interest Costs for Canadians

   In recent years, deficit spending and growing government debt have become a trend for many Canadian governments. Like households, governments are required to pay interest on their debt. In aggregate, the provinces and federal government are ...

5. Canadians pay the price for mounting government debt

   Ontario will spend an estimated $13 billion on government debt interest costs in 2020/21. ...

6. Federal and provincial government debt mounting quickly in Canada

   Due to persistent budget deficits in the decade following the 2008 recession and, more recently, the economic effects of COVID-19, government debt is rising rapidly across Canada. Hence, as budget season looms, it’s especially important ...

7. The Growing Debt Burden for Canadians: 2021 Edition

   Budget deficits and increasing debt have become serious fiscal challenges facing the federal and many provincial governments recently. Since 2007/08, combined federal and provincial net debt (inflation-adjusted) has doubled from $1.0 trillion to a ...

8. Trudeau floats false rhetoric on ‘new’ taxes

   Appeared in National Newswatch, September 3, 2020 Despite promising significant increases to already historically high spending, Prime Minister Trudeau recently pledged there will be no new taxes. This rhetoric is simply false. To pay for today’s spending ...

9. Ontarians—today and in the future—will pay the price for Ottawa’s debt

   At the end of fiscal year 2019, Ontario’s provincial government debt stood at $355 billion. For context, that’s more than $24,000 per Ontarian. With the COVID recession, this debt will grow further. Scotiabank Economics estimates a $36 ...

10. Interest Costs and their Growing Burden on Canadians

    In recent years, deficit spending and growing government debt have become a trend for many Canadian governments. Like households, governments are required to pay interest on their debt. These interest payments consume resources that could have ...