At the end of 2020, Alberta’s debt was estimated at $98 billion, Manitoba’s was $28.6 billion and Saskatchewan’s stood at $15 billion.
These debts are lower than Quebec’s [$220 billion] and Ontario’s [$448.9 billion], but there are concerns about their sustainability.
Indeed, they’re a long-term burden for the governments, the taxpayers and the economy.
Debt growth isn’t a new issue and didn’t just arise with the COVID-19 crisis, although the pandemic has increased public spending and deficits.
Past examples in Europe show what Canada and the provinces must avoid and how they can do it.
Read the full story HERE or return to front page HERE
These debts are lower than Quebec’s [$220 billion] and Ontario’s [$448.9 billion], but there are concerns about their sustainability.
Indeed, they’re a long-term burden for the governments, the taxpayers and the economy.
Debt growth isn’t a new issue and didn’t just arise with the COVID-19 crisis, although the pandemic has increased public spending and deficits.
Past examples in Europe show what Canada and the provinces must avoid and how they can do it.
Read the full story HERE or return to front page HERE