Current and projected fiscal policies of Canadian governments are unsustainable; will impose costs on Canadians and the economy

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VANCOUVER—The current and projected taxing, spending, and borrowing policies, broadly referred to as the fiscal policies of governments (federal and provincial) are unsustainable, with debt expected to rise relative to the size of the economy in the coming decades, finds a new study by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank. “There has been skepticism in the past about binding governments to clear fiscal rules, however research shows that governments adopting such rules have stronger fiscal positions and more stable policies than those that don’t,” said Jake Fuss, associate director of fiscal studies at the Fraser Institute and co-author of An Evaluation of Three Alternative Fiscal Anchors for Canada.