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The Effect of Government Debt on Economic Growth in the Canadian Provinces

— Publié le 7, November, 2024
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The Effect of Government Debt on Economic Growth in the Canadian Provinces
  • Provincial and federal government debt has grown significantly in recent years.
  • A growing body of literature links government debt to slower economic growth.
  • We provide a three-phase analysis linking government debt to slower growth among Canadian provinces.
  • Once debt exceeds 100% of GDP, additional debt offers no benefit in terms of short-term economic growth.
  • As of 2022, all but three provinces—British Columbia, Alberta, and Saskatchewan—had combined federal and provincial debt loads in excess of the 100% debt-to-GDP threshold.

Auteur:

Jason Childs

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