The string of deficits will increase Nova Scotia’s government debt by nearly 40 per cent from 2019/20 to 2024/25.
size of government
Nova Scotia recorded the largest government sector at 61.6 per cent of the economy, more than double the optimal size.
Ottawa plans to create a national childcare system and introduce more “green” spending initiatives.
If Prime Minister Trudeau keeps his commitment to no new taxes, borrowing will finance the proposed expansion.
In 2018-19, per person federal program spending (adjusted for inflation) reached $8,869.