{"id":3313,"date":"2021-01-22T19:37:39","date_gmt":"2021-01-22T19:37:39","guid":{"rendered":"https:\/\/financesofthenation.ca\/staging\/6309\/?p=3313"},"modified":"2021-01-22T19:37:42","modified_gmt":"2021-01-22T19:37:42","slug":"provincial-debt-sustainability-in-canada-demographics-federal-transfers-and-covid-19","status":"publish","type":"post","link":"https:\/\/financesofthenation.ca\/staging\/6309\/2021\/01\/22\/provincial-debt-sustainability-in-canada-demographics-federal-transfers-and-covid-19\/","title":{"rendered":"Provincial Debt Sustainability in Canada: Demographics, Federal Transfers, and COVID-19"},"content":{"rendered":"\n<p class=\"has-medium-font-size\"><em>Trevor Tombe,<\/em> <em>Canadian Tax Journal (2020; 68(4))<\/em><\/p>\n\n\n\n<p><a href=\"https:\/\/financesofthenation.ca\/staging\/6309\/wp-content\/uploads\/2021\/01\/1083_2020CTJ4-FON.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Download Paper<\/a><\/p>\n\n\n\n<p><strong>Paper Citation<\/strong><\/p>\n\n\n\n<p>Tombe, Trevor (2020), \u201cProvincial Debt Sustainability in Canada: Demographics, Federal Transfers, and COVID-19\u201d, Canadian Tax Journal Vol. 68(4), 1083-1122.<\/p>\n\n\n\n<p><strong>Paper Abstract<\/strong><\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>For almost 60 years, the Canadian Tax Foundation published an annual monograph, Finances of the Nation, and its predecessor, The National Finances. In a change of format, the 2014 Canadian Tax Journal introduced a new \u201cFinances of the Nation\u201d feature, which presents annual surveys of provincial and territorial budgets and topical articles on taxation and public expenditures in Canada. <\/p><p>The underlying data for the Finances of the Nation monographs and for the articles in this journal will be published online in the near future. <\/p><p>In this article, Trevor Tombe examines the sustainability of Canada\u2019s public debt in the face of steadily rising provincial debt, a severe economic shock from COVID-19, and mounting health-care costs associated with an aging population. He finds that while the federal debt is solidly sustainable, despite a large increase owing to COVID-19, the debt burden of most provincial governments is not. He discusses some of the policy options available to improve fiscal outlooks, focusing in particular on reform of federal transfers.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Trevor Tombe, Canadian Tax Journal (2020; 68(4)) Download Paper Paper Citation Tombe, Trevor (2020), \u201cProvincial Debt Sustainability in Canada: Demographics, Federal Transfers, and COVID-19\u201d, Canadian Tax Journal Vol. 68(4), 1083-1122. Paper Abstract For almost 60 years, the Canadian Tax Foundation published an annual monograph, Finances of the Nation, and its predecessor, The National Finances. In [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[26],"tags":[138,71],"class_list":["post-3313","post","type-post","status-publish","format-standard","hentry","category-articles","tag-pandemic","tag-provincial-governments"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Provincial Debt Sustainability in Canada: Demographics, Federal Transfers, and COVID-19 - Finances of the Nation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financesofthenation.ca\/staging\/6309\/2021\/01\/22\/provincial-debt-sustainability-in-canada-demographics-federal-transfers-and-covid-19\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Provincial Debt Sustainability in Canada: Demographics, Federal Transfers, and COVID-19 - Finances of the Nation\" \/>\n<meta property=\"og:description\" content=\"Trevor Tombe, Canadian Tax Journal (2020; 68(4)) Download Paper Paper Citation Tombe, Trevor (2020), \u201cProvincial Debt Sustainability in Canada: Demographics, Federal Transfers, and COVID-19\u201d, Canadian Tax Journal Vol. 68(4), 1083-1122. 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Paper Abstract For almost 60 years, the Canadian Tax Foundation published an annual monograph, Finances of the Nation, and its predecessor, The National Finances. In&hellip;","coauthors":[],"tax_additional":{"categories":{"linked":["<a href=\"https:\/\/financesofthenation.ca\/staging\/6309\/category\/articles\/\" class=\"advgb-post-tax-term\">Articles<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Articles<\/span>"]},"tags":{"linked":["<a href=\"https:\/\/financesofthenation.ca\/staging\/6309\/category\/articles\/\" class=\"advgb-post-tax-term\">Pandemic<\/a>","<a href=\"https:\/\/financesofthenation.ca\/staging\/6309\/category\/articles\/\" class=\"advgb-post-tax-term\">Provincial Governments<\/a>"],"unlinked":["<span class=\"advgb-post-tax-term\">Pandemic<\/span>","<span class=\"advgb-post-tax-term\">Provincial Governments<\/span>"]}},"comment_count":"0","relative_dates":{"created":"Posted 5 years ago","modified":"Updated 5 years ago"},"absolute_dates":{"created":"Posted on January 22, 2021","modified":"Updated on January 22, 2021"},"absolute_dates_time":{"created":"Posted on January 22, 2021 7:37 pm","modified":"Updated on January 22, 2021 7:37 pm"},"featured_img_caption":"","series_order":"","_links":{"self":[{"href":"https:\/\/financesofthenation.ca\/staging\/6309\/wp-json\/wp\/v2\/posts\/3313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financesofthenation.ca\/staging\/6309\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financesofthenation.ca\/staging\/6309\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financesofthenation.ca\/staging\/6309\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/financesofthenation.ca\/staging\/6309\/wp-json\/wp\/v2\/comments?post=3313"}],"version-history":[{"count":2,"href":"https:\/\/financesofthenation.ca\/staging\/6309\/wp-json\/wp\/v2\/posts\/3313\/revisions"}],"predecessor-version":[{"id":3316,"href":"https:\/\/financesofthenation.ca\/staging\/6309\/wp-json\/wp\/v2\/posts\/3313\/revisions\/3316"}],"wp:attachment":[{"href":"https:\/\/financesofthenation.ca\/staging\/6309\/wp-json\/wp\/v2\/media?parent=3313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financesofthenation.ca\/staging\/6309\/wp-json\/wp\/v2\/categories?post=3313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financesofthenation.ca\/staging\/6309\/wp-json\/wp\/v2\/tags?post=3313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}