Canada’s Borrowing 2.2x Deficit, Payments To Hit 1 in 7 Dollars of Revenue: PBO
Is it a bird? A plane? No, it’s… the size of Canada’s debt servicing costs. The Parliamentary Budget Officer’s (PBO) latest Economic and Fiscal Outlook projects Ottawa will accumulate $333 billion in deficit spending over 5 years. However, the Government of Canada (GoC) will need to borrow nearly three-quarters of a trillion dollars. Debt servicing […]
