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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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Ontario’s latest budget will keep debt interest costs rising
According to the budget, debt interest payments will total $13.1 billion in 2021/22. ...
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Ford fiscal strategy resembles McGuinty/Wynne plans—with predictable results
By fiscal year 2023/24, Ontario's provincial net debt will eclipse $503 billion. ...
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Ontario’s debt legacy makes balancing budget harder
According to the 2020 budget, the government will spend an estimated $12.5 billion on debt interest. ...
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Ford government faces critical decisions as budget day looms
According to forecasts, Ontario's net government debt will approach $463 billion in 2022/23. ...
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Making sense of Canada’s $381.6 billion federal budget deficit
The Trudeau government this week published its fall fiscal update for 2020. The headline-grabbing number emerging from the report was the government’s forecasted budget deficit for the year—$381.6 billion. As is often the case when it ...
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How Much Could a Guaranteed Annual Income Cost?
The recent implementation of the Canada Emergency Response Benefit (CERB) has sparked renewed interest in an old policy idea known as the Guaranteed Annual Income (GAI). There are many variants of the GAI concept. All of them, however, involve ...
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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 ...
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Ontarians shoulder provincial government debt—and big chunk of federal debt
Appeared in the Ottawa Sun, January 23, 2020 It’s widely known that the Ford government is fighting a big budget deficit and mounting debt. But it’s not just provincial government decisions that affect how much new government debt falls on Ontarians. The ...