provincial government

Mars 21, 2015 6:00AM

Cheer up, western prosperity will return

As everyone from the Manitoba-Ontario border to Tofino knows, the local and provincial economies, which depend on resource extraction, have slowed.

Étiquettes:

government spending, economy, canadian economy, provincial economy, taxes, provincial government, business investment, job creation

Janvier 6, 2014 2:00AM

Interest payments on government debt a painful reminder that there are no free lunches

Sean Speer, Hugh MacIntyre

With the holiday season now behind us, the oncoming flood of credit statements to Canadian households is a powerful reminder that there are no free lunches. Borrowing to pay for current consumption brings interest payments, and ultimately, the need to pay off principal balances. Most Canadians are intimately familiar with this reality when it comes to their household finances. But this same reality also applies to governments. As taxpayers, Canadian families are also responsible for interest on government debt. And these payments are significant.

Étiquettes:

government debt, interest payments, government spending, deficit, federal government, provincial government, debt servicing, old age security, budget

Novembre 15, 2011 10:00AM