Tag: government spending
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Canada Debt Becoming Unmanageable Economists Warn
With the Canadian government’s high debt-to-GDP ratios, such as a ratio of debt to nominal GDP sitting at 68 percent in March 2023, economists warn that government debt could become unsustainably high if Ottawa fails to reduce spending, increase productivity, and re-establish business confidence. “We’re not growing our income per capita, which means that we’re…