By Fraser Institute —— Bio and Archives--May 2, 2023
CALGARY—Despite misperceptions that government deficits have no cost, higher deficit-financed spending by provincial governments over the past 50 years has led to higher taxes and higher debt-servicing costs, according to a new study released today by the Fraser Institute, an independent, non-partisan, Canadian public policy think-tank.
“Governments that run ongoing deficits ultimately have to face the fiscal music in the form of higher taxes and higher debt interest payments for future taxpayers,” said Ergete Ferede, a senior fellow at the Fraser Institute and co-author of How Provincial Governments Respond to Fiscal Shocks and Federal Transfers.
The study analyzes provincial government finances between 1966/67 and 2020/21 and finds that for every $1 increase in per-capita deficit-financed program spending, there was a corresponding increase in taxes of 26 cents and 10 cents in higher debt servicing costs in the future.
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By Centrewing on 2023 05 04
I do not know how Pierre Poilievre will be as our PM he sounds good and I hope PM Harper will help guide him but with our election fixing who knows if he will even stand a chance and our country is really in debt, totally corrupted and foreign infiltrated, a sick UN controlled and really wrecked, law and order gone and crime going way up and getting worse now and of course freedom and sovereignty leaving as planned by the UN and its killing cancerous groups.
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