According to projections, government debt interest will cost nearly $1,000 per British Columbian by 2026/27.
Blog - Fraser Forum
In 2023/24, interest costs on federal government debt will reach a projected $46.5 billion.
The government will increase program spending by $4.2 billion in 2024/25 and $3.5 billion in 2025/26.
Since 2014/15, annual federal program spending has increased by $193.6 billion—or 75.5 per cent.
From 1968 to 2023, Ontario ran 48 deficits—or deficits 87 per cent of the time.
Prof. Easton made great contributions in the area of crime research, which was one of his passions.
On a per-person basis, government spending will increase to $19,238, the highest of any province in Canada.
The province's net debt will reach a projected $16.3 billion in 2024/25.
The province's program spending this year will increase by 6.2 per cent, a rate faster than population growth plus inflation.
The average Singaporean earns about 30 per cent more than the average American.
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