Opinion: Why finding the golden mean in government spending matters for B.C. - Richmond News

Canada may soon surpass China in U.S. government debt

Canada is projected to surpass China as a top-three holder of U.S. government debt. The International Monetary Fund forecasts U.S. interest costs to hit 5.7% of GDP by 2031. Meanwhile, Alberta is set to vote on a first step to seceding from Canada, and Egypt seeks to speed up reducing debt-service costs. Opinions vary on government spending, with some advocating for a moderate policy and others demanding refund of funds.

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