Letters: Saskatchewan could run deficit budgets and still reduce debt

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'Saskatchewan can have its cake and eat it too with debt reduction and increased spending,' writes Ty Thiessen. skpoli

Let us assume weak gross domestic product growth at 1.5 per cent, average returns at six per cent, servicing costs as a percentage of debt, a debt-servicing ratio of four per cent while accounting for future inflation projection.would reach a value larger than Saskatchewan’s current debt by 2048. With annual deficit contributions to the fund of $4 billion and room for an additional $1 billion in deficit spending.

A study published by Statistics Canada two years ago asserts: “t is in Saskatchewan that the deterioration of equality of opportunities has been the worst.”“Rank mobility is also described at the provincial and territorial levels. While there has been a deterioration of mobility in every single province, there are still large variations in rank-rank slopes across regions in the most recent cohort, and the within-province or within-territory variations over time have different magnitudes.

“Manitoba generally displays the lowest intergenerational mobility among the 10 provinces. However, in Saskatchewan the deterioration of equality of opportunities has been the worst.

 

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