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1. Rising debt interest costs further threaten Alberta finances

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

2. Alberta’s government debt interest costs continue to soar

   According to budget forecasts, debt interest payments will reach $3.3 billion by 2023/24. ...

3. Debt interest payments fastest-growing component of Ontario budget

   The government has run budget deficits every year since 2008/09. ...

4. 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 ...

5. Alberta taxpayers on the hook for growing government debt interest payments

   Appeared in the Edmonton Sun, July 29, 2020 The Government of Alberta is awash in red ink. The province has gone from being “debt free” in 2015 to $35 billion in debt at the end of the 2019 fiscal year. This year, that debt load will grow much larger ...

6. Rising interest payments will make Ford’s life harder

   Appeared in the Ottawa Sun, April 24, 2019 Based on its first budget, the Ford government has settled on a gradualist approach to deficit reduction. Rather than reform and reduce spending, the government plans to try to hold the rate of spending growth ...

7. The Decline of the Other Alberta Advantage: Debt Service Costs in Alberta Are Rising

   Throughout recent history, Albertans have enjoyed a substantial fiscal advantage other Canadian taxpayers, resulting from the fact that government debt interest payments in Alberta have been far lower than in any other province. For example, in ...

8. Ontario now adding debt even faster than before

   Appeared in the Ottawa Sun, April 4, 2018 Last week, Finance Minister Charles Sousa tabled Ontario’s budget for 2018/19. The fact that the free-spending budget creates an operating deficit of nearly $7 billion this year has been widely reported, but this ...

9. Wishful Thinking: An Analysis of Ontario’s Timeline for Shrinking Its Debt Burden

   Since 2007/08, Ontario’s level of public debt has approximately doubled. As a result, the provincial debt-to-GDP ratio has climbed to historically high levels in recent years. In its 2017 budget, Premier Wynne’s government presented a timeline for ...

10. Ontario’s mountain of debt continues to grow

    Last week, Premier Kathleen Wynne’s government published its budget for the 2017/18 fiscal year. As we warned in a recent study published before the budget was tabled, the Ontario government plans to add billions of dollars to the ...