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Articles on Debt

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All three levels of government must prioritize reducing Canada’s level of indebtedness. (Pixabay)

Coronavirus: Can Canada fiscally handle ‘black swan’ events?

There are two key questions regarding Canada’s fiscal sustainability during the pandemic. Can we afford to provide short-term financial support to Canadians? And how quickly will our economy recover?
Taking a loan has never been easier thanks to the proliferation of mobile lending platforms. Rosenfeld Media/Wikimedia Commons

Mobile-based lending is huge in Kenya: but there’s a downside too

Mobile loan platforms have given Kenyans access to easy loans, but they come at a high price.
Every state bears the burden of the opioid crisis. Digital Deliverance/Shutterstock.com

Opioid epidemic may have cost states at least $130 billion in treatment and related expenses – and that’s just the tip of the iceberg

State governments are leading the charge against opioid makers over their role in the epidemic. A team of researchers at Penn State examined just how much the crisis has cost them.
It is expected that the two presidential candidates – incumbent Joko “Jokowi” Widodo and challenger Prabowo Subianto – will talk about the country’s debts during the final election debate as the issue has become one of the most debated topics. www.shutterstock.com

Debts are not that bad: ending the election debate on Indonesia’s debts

Debt is not that bad if a country uses it to drive growth and development.
Canadians, like many other people around the world, are stressing about money and have amassed a lot of credit-card debt. (Shutterstock)

Escaping the vicious circle of going paycheque to paycheque

People are stressed out about money, with most of us struggling to make ends meet due to abusing credits cards and amassing consumer debt. Some tips on how to change your spending behaviour.
Canadian bank notes are seen in this 2017 photo. Ottawa finances deficit spending by borrowing money. Twenty per cent of the money is borrowed from the Bank of Canada. In other words, the government borrows that money from itself. THE CANADIAN PRESS/Adrian Wyld

How government deficits fund private savings

Critics complain that government debt saddles future generations with a financial burden. The critics are wrong.

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