Can Debt Decline & Financial Discipline Boost Prospects of ...

Can Debt Decline & Financial Discipline Boost Prospects of ...

Fraser Institute - Reducing government debt in Canada could boost incomes for average workers by $2,100 a year

If Canadian governments reduced their debt relative to the size of the economy (GDP) over five years back to pre-pandemic levels, this would increase productivity and boost incomes for average workers. . .

FRASER INSTITUTE: REDUCING GOVERNMENT DEBT IN CANADA COULD BOOST INCOMES FOR AVERAGE WORKERS BY $2,100 A YEAR

ERGETE FEREDE BRITISH COLUMBIA – If Canadian governments reduced their debt relative to the size of the economy (GDP) over five years back to pre-pandemic levels, this would increase productivity and boost incomes for average workers by $2,100 a year, according to a new study published by the Fraser Institute, an independent non-partisan Canadian think-tank. Labour productivity is a much of the output, namely the value of goods and services prod…

Reducing Debt Could Raise Canadian Incomes

A new study by the Fraser Institute shows that eliminating government debt in Canada could increase the annual incomes of the average worker by a large amount. If the federal and provincial governments reduce their debt levels to where they were prior to the COVID-19 pandemic in the next five years, they would increase the...