The Growing Debt Burden for Canadians finds that, since 2007/08, the year before the last recession, combined federal and provincial debt has grown from $837.0 billion to a projected $1.5 trillion in 2019/20. The study also breakdowns provincial debt burdens based on several different measures.
Fiscal Policy and Recessions: The Role of Public Infrastructure Spending finds that infrastructure spending is not an effective policy for stimulating the economy during a recession because major infrastructure projects have very long timelines, and the recession will be over by the time shovels hit the ground. There is also evidence from the United States and Canada that increased federal spending on infrastructure merely replaces spending from lower levels of government, meaning the level of overall government spending remains the same.
The Fraser Institute is an independent Canadian public policy research and educational organization with offices in Vancouver, Calgary, Toronto and Montreal and ties to a global network of think-tanks in 87 countries. Its mission is to improve the quality of life for Canadians, their families and future generations by studying, measuring and broadly communicating the effects of government policies, entrepreneurship and choice on their well-being. To protect the Institute's independence, it does not accept grants from governments or contracts for research. For more, call (800) 665-3558 ext. 590.
