Provinces need to end rising debt


Staff member
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.

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