Author Topic: Government Day-to-Day  (Read 54102 times)

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Offline ?Impact

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Re: Government Day-to-Day
« Reply #45 on: December 17, 2019, 12:50:09 pm »
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.

Actually our current federal only debt:GDP ratio is the lowest it has been since 2008-09. Yes there was a slight increase in between 2014-15 and 2015-16 (Harper budget), and to 2016-17 (first Trudeau budget), but it has declined every year since.

ref: http://www.rbc.com/economics/economic-reports/pdf/canadian-fiscal/prov_fiscal.pdf