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By A Smith (anonymous) | Posted February 23, 2012 at 02:50:49 in reply to Comment 74676
Fun facts...
In 1998, debt charges for Quebec were 16.75% of revenue. As of 2011, they were down to 11.47%.
In 1998, debt charges in Ontario were 16.6% of revenue (2.43% of GDP). For 2011, they were down to 8.97% (1.60% of GDP).
Since the onset of the Great Recession, Ontario's debt charges have increased from 1.47% to 1.60%, or 2.86%/year.
At that rate, it would take another 18 years to hit the 2.61% of GDP that we saw in 1999-2000.
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