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Dear John,
A new Fraser Institute study out today answers a simple question: what would happen to government interest costs and budgets if interest costs returned to the near-historically low levels of 2019-20?
The federal government and every provincial government (except New Brunswick) would experience an increase in interest costs in fiscal year 2021-22.
Combined, these costs would rise from $53.6 billion to $70.6 billion – an increase of 31.7%. The federal government faces the greatest risk of higher interest costs.
Get all the details here, and be sure to share it on social media!
Stay safe,
Niels Veldhuis
President
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