Canada leads G7 in debt and government spending growth
Canada measured the largest increase in government spending and debt burden among G7 countries and nearly the highest among advanced countries over the last 10 years.
Canada measured the largest increase in government spending and debt burden among G7 countries and nearly the highest among advanced countries over the last 10 years.
A recent study by the Fraser Institute found that Canada’s growth in debt burden and government size outpaced “virtually every” advanced country in the world. Between 2014 and 2024, Canada saw a 6.3 per cent increase in government spending and a 25.2 per cent increase in its debt burden.
The study took data from the International Monetary Fund’s World Economic Outlook database highlighting the economies of 40 advanced countries.
