This year's federal budget deficit will be an estimated $343.2 billion.
Between the early 1970s and the mid-1990s, the federal government ran a deficit every year.
C.D. Howe op-ed cites no empirical evidence or research to substantiate its opinions.
In 2019, equalization represented 15.5 per cent of provincial revenue in Nova Scotia.
The province's net government debt may rise 17 per cent in 2020/21.
While the regulatory change is welcome news, significant reforms are still required to restore investor confidence.
Alberta became eligible for stabilization payments in 2015/16 and 2016/2017.
Budget include an additional $185 million in transfers from Ottawa.
Forecasts project a -5.1 per cent decline in the province's GDP.
Such implicit or explicit assumptions invariably lead to unintended consequences.
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