A new report shows the debt of the federal and provincial government’s in Canada will reach a total of $1.3-trillion by the end of this year.
The Fraser Institute says interest payments are cutting into the government’s ability to pay for services.
Study co-author Charles Lammam says federal and provincial governments will spend over $60-billion on interest payments this year.
For our province, Lammam notes we are as guilty as any province for over-spending and states the sell-off of Hydro One won’t provide a long-term fix.
