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Fraser Institute News Release: 7-in-10 provinces had combined government debt burdens that exceeded the size of their entire economies in 2022, curbing economic growth
VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) — Combined federal and provincial government debt in seven provinces exceeded the value of all goods and services produced in those provinces as recently as 2022, impairing economic gr
“When government debt grows so high that it is larger than the entire value of the economy, not only does additional debt offer no benefit to economic growth, it actually hinders it and living standards stagnate,” said Jason Childs, a senior fellow at the Fraser Institute and author of The Effect of Government Debt on Economic Growth in the Canadian Provinces. Read More
