net financial assets

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Concerns over household debt in Canada are overblown

Interest payments on household debt consume 6 per cent of disposable income compared to almost 11 per cent in 1990.


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By 2018/19, the cost of servicing Alberta’s provincial debt will roughly double to $2 billion.

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If you listen to Alberta Finance Minister Doug Horner, the province's public finances are under control. The government's budget imposes no new taxes, spending growth has been moderated, and Alberta is running an operational budget surplus after successive years of budgetary deficits.