30 Percent Chance of Government Failing Fiscal Goal of Reducing Federal Debt Over Next Decade: Study

30 Percent Chance of Government Failing Fiscal Goal of Reducing Federal Debt Over Next Decade: Study
The Parliament Hill Peace Tower is framed in an iron fence on Wellington Street in Ottawa on March 12, 2020. Sean Kilpatrick/The Canadian Press
Andrew Chen
Updated:
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With a little over a week before the federal government releases Budget 2023, a stress test of the current fiscal policy shows that Ottawa has a 30 percent chance of failing to achieve its core fiscal goal of reducing federal debt over a 10-year period, says a Fraser Institute study.
The study, titled “Stress Testing the Federal Fiscal Anchor,” was co-authored by Bev Dahlby, senior fellow at the Fraser Institute, and Ergete Ferede, professor of economics at MacEwan University in Edmonton.