@HanifBayat
Hanif Bayat
@HanifBayat
8 months
Comparing government debts (debt securities): Canada had the highest % increase, while Italy & the USA have higher Debt-to-GDP ratios. Notes: 1. 🇨🇦 🇦🇺 🇮🇹 have similar GDPs 2. We only considered securities like bonds, excluding other liabilities (e.g. pensions) #cdnecon #cdnpoli
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@HanifBayat
Hanif Bayat
@HanifBayat
8 months
Gov. of Canada Total Debt: 2023: $1,278B 2018: $696B 2013: $671B Debt surged by 84% in the past 5 years! Gov. bond renewal schedule: 20% in < 1 year 54% in < 3 years Bad news for taxpayers: Gov. likely to face much higher interest payments on its debt soon! #cdnpoli #cdnecon
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Replies

@ali_nassimi
Ali Nassimi
@ali_nassimi
8 months
@HanifBayat The covid era was the peak profligacy by many governments.
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@Infokid1Infokid
Infokid
@Infokid1Infokid
8 months
@HanifBayat The budget will not balance itself.
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@HanifBayat
Hanif Bayat
@HanifBayat
8 months
@Nicholasan68973 @daniel_foch No, they only include central governments debts (not even all their liabilities)
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@ynizami7
Yasin Nizami
@ynizami7
8 months
@HanifBayat Italy just 6% wow? is it because ECB is not buying those junk bonds anymore lol ?
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@AKebede_
Adam Kebede
@AKebede_
8 months
@HanifBayat @HanifBayat does this include provincial debts or just the Federal Government?
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@bradj_______
Brad J
@bradj_______
8 months
@HanifBayat Italy couldn't go any higher without an implosion 😂🤣 whereas, sadly for us, CAN and US had plenty of room to grow it to the point of totally absurd
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