Jump to content
Invision Community
FORUMS BLOG/NEWS USER BLOGS USER MEDIA ADVERTS   ADD  MANAGE CHAT CLUBS & USER PERSONAL FORUMS LINK EXCHANGE
POLITICAL DATING & INSTRUCTION Political Dating Conservative Dating Site Progressive Dating Site Distance Degree Online Master's Degree Online Online Courses MBA Degree Online Online School Associate Degree Online
Sign in to follow this  
lindagray

Debt issue

Recommended Posts

Central Government Debt
The OECD reports the Central Government Debt as percentage of the GDP. In 2000 Canada's was 40.9 percent, in 2007 it was 25.2 percent, in 2008 it was 28.6 percent and by 2010 it was 36.1 percent. The OECD reports net financial liabilities measure used by the OECD, reports the net number at 25.2%, as of 2008, making Canada's total government debt burden as the lowest in the G8. The gross number was 68% in 2011.

The CIA World Factbook, updated weekly, measures financial liabilities by using gross general government debt, as opposed to net federal debt used by the OECD and the Canadian federal government. Gross general government debt includes both "intragovernmental debt and the debt of public entities at the sub-national level". For example, the CIA measured Canada's public debt as 84.1% of GDP in 2012 and 87.4% of GDP in 2011 making it 22nd in the world.

Household Debt
Household debt, the amount of money that all adults in the household owe financial institutions, includes consumer debt and mortgage loans. In March 2015, the International Monetary Fund reported that Canada's high household debt was one of two vulnerable domestic areas in Canada's economy; the second is its overheated housing market.

According to Statistics Canada, total household credit as of July 2019 was CAD$2.2 trillion. According to Philip Cross of the Fraser Institute, in May 2015, while the Canadian household debt-to-income ratio is similar to that in the US, however lending standards in Canada are tighter than those in the United States to protect against high-risk borrowers taking out unsustainable debt.

wikipedia.org

Share this post


Link to post
Share on other sites
POLITICS, INSURANCE & VACATION Health Insurance HealthCare Car Insurance Home Insurance Life Insurance Travel Insurance Travel Hotel Holiday

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×
×
  • Create New...