The Notley government’s failure to restrain spending is quickly growing Alberta’s debt burden.
Government Spending & Taxes
Burlington spent nearly 17 per cent of tax-financed expenditure on “general government.”
Ontario spends about nine per cent of all revenue on government debt-service payments.
The expanded CPP’s overall rate of return for workers is a meagre 2.5 per cent.
Between 2008 and 2016, 98.6 per cent of all net job-creation in Ontario took place in Toronto and Ottawa.
The federal government expects the deficit in 2018-19 to reach $18.1 billion and grow next year to $19.6 billion.
Program spending this fiscal year will reach $320.2 billion.
Calgary households will see a $60 property tax increase, on average.
Just six months into its 2018/19 plan, the government upped spending by $8 billion.
The PBO projects in 2042 Alberta will have more debt relative to the size of its economy than Ontario.
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