According to estimates, economic growth is maximized when government spending is about 26 per cent of GDP.
size of government
Subnational jurisdictions of around 9.5 million people seem to be the fastest-growing economies.
The string of deficits will increase Nova Scotia’s government debt by nearly 40 per cent from 2019/20 to 2024/25.
Nova Scotia recorded the largest government sector at 61.6 per cent of the economy, more than double the optimal size.
Ottawa plans to create a national childcare system and introduce more “green” spending initiatives.
If Prime Minister Trudeau keeps his commitment to no new taxes, borrowing will finance the proposed expansion.