Province: Debt

debt: So whos got it worst? That depends on whether you look at debt the total amount a government owes or deficits the budget shortfall for this year , according to Huffington Post. Quebecs PQ government has been working to eliminate deficits altogether by next year, and the province is on track to add a relatively small $1.5 billion to its debt this year and Canadas provinces have been struggling to balance the books for years some of them for decades , and with the economic sluggishness of recent years, the challenges have only been growing. In terms of total debt, Quebec wins, with more than $21,000 owed for every man, woman and child in the province. Ontarios total debt is lower about $18,700 per person but in Ontario that number is growing very quickly. The province is on track to record a $9.8-billion deficit for fiscal year 2012-2013. (www.immigrantscanada.com). As reported in the news.