A new study from the Fraser Institute says that every Canadian this year will pay hundreds or even thousands of dollars to service the interest on federal and provincial debt, with Newfoundlanders and Manitobans paying the most, and Albertans the least.
“For more than a decade, deficit spending and growing government debt have become a trend for many Canadian governments,” says the report, authored by Jake Fuss, director of Fiscal Studies at the Fraser Institute. “In 2025/26, the federal government and all ten provinces are projected to record deficits.”
