He Growing Debt Burden for Canadians

This accumu- accumulated nearly double the amount of debt lation of debt has reversed a positive trend to- that it repaid in the mid-1990s to late-2000s. [...] For example, the federal portion of total portant development for the future of Canada’s government debt shrunk from 61.7% in 2007/08 to as low as 53.8% in 2018/19. [...] The federal net debt is allocated to each of the provinces based on a 5-year average (2016-2020) of their population as a share of Canada’s total population. [...] The combined federal-provincial debt burden as a share of the economy ranges from a low Table 4 shows the level of provincial govern- of 66.1% in Alberta to a high of 106.0% in Nova ment debt, each province’s share of the federal Scotia. [...] The 90% Public Debt debt (inflation-adjusted) has nearly doubled, Threshold: The Rise and Fall of a Stylized Fact.