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Concerned Canadian @Concern70732755 on x 158.5K followers
Created: 2025-07-26 14:30:20 UTC
This is alarming !!
Canada’s national debt has surged from $XXX trillion in 2007/08 to a projected $XXX trillion in 2024/25, with the debt-to-GDP ratio rising from XXXX% to 75.2%. This increase, driven by persistent deficits and high government spending, strains public finances, with federal debt charges reaching $XXXX billion in 2023/24. Rising debt risks higher interest rates, reduced private investment, and lower economic growth, potentially leading to tax hikes or service cuts. Socially, it threatens future generations with a higher tax burden and reduced public services, while Canada’s high household debt exacerbates economic vulnerability.
XXXXX engagements
Related Topics government spending debt