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How much was that revised deficit again? Oh, 26.6 billion.
economist/UBC econ prof Kevin Milligan... has a graph for that! => Federal debt service as a percent of GDP back to the 1960s - lowest in at least 55 years.
Debt to GDP declined between 2012 and 2015. Since then it has gone up 2.8%.
But it has been rising in the past three years, in spite of a supposedly strong economy.
Canada government DEBT:GDP hit a high in 1995, a low in 2007 and increased until 2016 when it started to go down again. There was also a small drop between 2013-14 and a small increase between 2000-01.
The deficit is now 34% higher than projected just 8 months ago, supposedly in a healthy economy. Why would anyone believe their projections six months from now, let alone five years.
Federal debt to GDP has gone up slightly since 2016.
I think that number will turn out to be highly optimistic.
already answered: again, your highlighted 34% increase (from $19.8 billion for the 12-month period that ends in March... now slated to hit $26.6 billion) is principally driven by changes to how employee pensions and benefits are calculated:
why are you ignoring the fact that servicing of that debt is quite manageable... as a percentage of GDP, at its lowest point in at least 55 years.more wilberMath, hey!
Next time you buy a car, just pay interest on the loan and pass the debt on to your kids when you die. I'm sure they will understand about your debt being manageable.
So obviously you don't care about sticking other people with your debts.
protip: as you've been shown, debt servicing is quite manageable today