The inability to control spending remains the primary reason for Ottawa's string of deficits.
Blog - Fraser Forum
Over the last nine years, Canadian living standards have not increased.
The province's net debt is projected to rise by more than $6 billion.
According to the budget, the province will run its second consecutive deficit in 2024/25.
When commercial centres have lower median employment incomes than capital cities, the private sector may be in real distress.
Every Nova Scotian is responsible for $18,906 in provincial government debt in 2023/24.
The province has some of the highest personal income taxes in North America.
Provincial and federal net debt has increased by $1.0 trillion from 2007/08 to 2023/24.
Last year, builders in the province built nearly 60 per cent fewer new homes per person compared to 1973.
The government can hold nominal spending flat for one year without creating any management challenges.
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