Canada’s Combined Federal-Provincial Debt Approaching $2.2 Trillion - Kingsville Times

Canadian News January 17, 2024 9:37 am by Fraser Institute Views: 1710 Combined federal and provincial debt in Canada has nearly doubled from $1.18 trillion in 2007/08 (the year before the last recession) to a projected $2.18 trillion this year, finds a new study released last week by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.“Government debt—federally and in most provinces—has grown substantially over the past 16 years, creating serious fiscal challenges for Ottawa and provincial governments in the years ahead,” said Jake Fuss, director of fiscal studies at the Fraser Institute and co-author of The Growing Debt Burden for Canadians: 2024 Edition.The study specifically measures net debt, which is a measure of the total debt of the federal and provincial governments minus financial assets held by the governments. It is a common measure of indebtedness.The study finds that not only has Canada’s projected combined government debt (the federal deb...