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THE STRUCTURE AND PRESENTATION OF PROVINCIAL BUDGETS †
Provincial governments seem to consider it only natural to finance public infrastructure using debt. There is a standard arsenal of arguments used to justify the practice, to the point where there are scarcely any political voices willing to dissent from the tradition. Financing a bridge or school with debt is like a family buying a house, goes one common rationalization, or like a business taking out a loan for equipment. Others argue that infrastructure investment can stimulate the economyfatcat:zlxlbbzzufh6ngofdtaumaiu34