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.
