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| The Canadian Taxpayers Federation Debt Clock counts off the dollars each British Columbia taxpayer is on the hook for |
With day after day of Federal and Provincial spending announcements in response to COVID, the day of reckoning on paying the bills due for the response will soon come.
And when it does, the Canadian Taxpayers Federation suggests that there may be some sticker shock towards the year long accumulation of debt, beyond the regular scope of Federal and Provincial spending.
The national organization has returned to the days of their Debt Clock to track the spending, warning of the impact for taxpayers to cover all the programs and funding provided.
And for British Columbians the good news is that the debt load is not as ominous as may other provinces, though the totals are still somewhat daunting, with the CTF estimating that with a 74 million dollar debt, British Columbians share of that comes to $14,728.
B. C. is not as low a debt figure as that of Saskatchewan, but nowhere near the highs found in Ontario and Newfoundland, the latter a province already strapped financially with things seemingly not improving.
Across Canada the Taxpayers share of the debt is as follows.
Ontario -- $26,822
Newfoundland -- $24,215
Quebec -- $22,749
Alberta -- $21,682
Manitoba -- $19,380
New Brunswick -- $17,631
Nova Scotia -- $16,034
Prince Edward Island -- $14,918
British Columbia -- $14,728
Saskatchewan -- $11,745
You can follow the debt clock as it ticks and ticks and ticks here.
Things aren't much better for us nationally , as the Federal Debt Clock jumps to the Billion dollar plus mark, making for a share for each Canadian of $28,346 and counting
You can learn more about their awareness campaign on the growing debt levels here.
Cross Posted from the North Coast Review.
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