Deficits to Gradually Narrow
Provincial governments across Canada are facing fiscal challenges. Most are struggling to balance their books amid spending pressures, as pandemic-related interest costs linger, and a rising number of seniors is increasing demand for healthcare. Yet, despite the challenges, our fiscal outlook improves toward the end of the decade.
How is Canada’s incoming population slowdown affecting the provincial fiscal landscape? While Alberta and Saskatchewan remain in the strongest fiscal position of all the provinces, what is the impact of having their revenues closely tied to the resource sector? How does Ontario plan to return to balance later this decade given its focus on infrastructure spending?
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