The tool shows in real time the growth of debt based on data supplied by the Ministry of Finance. Each day, the debt of the province climbed to $ 25 million, depending on the tool designed to educate taxpayers Quebec.
"It's important to contextualize these figures is that Quebecers to realize how fast the money they pay is spent. Also, for the general public is important to realize that this debt is growing very rapidly. And we hope it will bring the governments and people to act, "said David Descoteaux, MEI economist. The debt that appears on the website of the institute represents the long-term debt of the entire public sector, not just government. "It's the government's net debt which is added to the debts of networks for education and health. It is a debt that is more representative of the responsibilities of government. We took the pace of growth last year and has been applied to this year, "says Descoteaux.
The economist believes that the valuation of debt made by the MEI is conservative. "We are in economic crisis. Government revenue drop, spending increases ... There is a very good chance that next year when the budget statement, the said amount is higher than that seen on screen.
What should I do to slow the meter? "The solution is that the government is trying not only to increase his income but also reduces expenses," suggests Mr. Descoteaux.
"It's important to contextualize these figures is that Quebecers to realize how fast the money they pay is spent. Also, for the general public is important to realize that this debt is growing very rapidly. And we hope it will bring the governments and people to act, "said David Descoteaux, MEI economist. The debt that appears on the website of the institute represents the long-term debt of the entire public sector, not just government. "It's the government's net debt which is added to the debts of networks for education and health. It is a debt that is more representative of the responsibilities of government. We took the pace of growth last year and has been applied to this year, "says Descoteaux.
The economist believes that the valuation of debt made by the MEI is conservative. "We are in economic crisis. Government revenue drop, spending increases ... There is a very good chance that next year when the budget statement, the said amount is higher than that seen on screen.
What should I do to slow the meter? "The solution is that the government is trying not only to increase his income but also reduces expenses," suggests Mr. Descoteaux.
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