Cmoney

Provincial government net debt up 89% in less than a decade

After a lull spanning the first decade of the 21st century, it seems that provincial government debt is again on the rise.Based on figures compiled from the Federal Fiscal Reference Tables and plotted in the first chart below, total provincial government net debt rose from $109.1 billion in 1990/91 to $287 billion by 2000/01—an increase of 163 per cent. From 2000/01 to the eve of the global financial crisis in 2007/08, total provincial net debt reached $317.4—an increase of only 11 per cent. However provincial government net debt after 2007/08 increased dramatically from $317.4 billion to $601 billion by 2015/16—an

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