US EditionProvince to Pay $1.2 Billion in Debt Servicing in This Fiscal Year
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Province to Pay $1.2 Billion in Debt Servicing in This Fiscal Year
Interest payments on the province’s debt will cost taxpayers $1.2-billion this year, and a financial advisor says while residents won’t necessarily see direct impacts from that, there will be indirect consequences. Larry Short of Short Financial, a branch of IA Private Wealth, has been covering the provincial budget since 2016, and year-over-year he has seen government deficits creep higher and higher. He says yearly expenses have gone from $7-b…
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