Author Topic: Government Day-to-Day  (Read 40517 times)

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Offline wilber

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Re: Government Day-to-Day
« Reply #30 on: December 17, 2019, 12:00:27 pm »
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.

Those numbers are for federal and provincial debt combined, not federal debt. Federal debt to GDP declined from 2012 to 2016 and has since gone up slightly.

Instead of modest 10 billion deficits declining to zero in four years, by his own estimates Trudeau is no track to add 175 billon to the debt, but only if the economy stays strong. I think that number will turn out to be highly optimistic.
« Last Edit: December 17, 2019, 12:02:20 pm by wilber »
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