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Deficits for 50 years—a plan fraught with risks and consequences
The Trudeau government plans to implement new spending programs including national childcare and pharmacare. ...
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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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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. ...
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Interest on federal debt—a growing problem
Interest payments on the federal debt are expected to equal $20.2 billion in 2020/21. ...
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Rising debt interest costs further threaten Alberta finances
By 2023/24, debt interest will consume 6.6 per cent of all provincial revenues. ...
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Nova Scotia government should unwind early-COVID emergency spending in upcoming budget
The province faces a projected $779 million budget deficit for 2020. ...
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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 ...
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Canadians pay the price for mounting government debt
Ontario will spend an estimated $13 billion on government debt interest costs in 2020/21. ...
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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 ...
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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 ...