CANADA Had 3rd Largest Debt Among 40 Countries
VANCOUVER—Since 2014, Canada’s total government debt—including federal, 2 provincial and local governments—has exploded, finds a new study published today by 3 the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
“Over the last decade, the growth of Canada’s government debt burden has outpaced 4 virtually every other advanced country and contributed to a marked deterioration in the 5 state of government finances,” said Jake Fuss, director of fiscal studies at the Fraser 6 Institute and co-author of The Deterioration of Canada’s Finances Internationally.
How did this happen? 7 From 2014 to 2024, total government spending in Canada increased from 38.4 per cent of 8 the economy to 44.7 per cent—the second-largest increase in government spending 9 among 40 advanced countries (behind only Estonia) and the largest increase among G7 10 countries. 11 Federal and provincial governments in Canada borrowed money to fund this substantial 12 spending increase.
As a result, during that same 10-year period, Canada’s total Post settings Labels No matching suggestions Published on 17/05/2025 12:20 Permalink Location Search description Options Custom robot tags Creating new post…
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