@david_megginson @mpjgregoire a bank issuing a loan doesn't affect the net balance of the bank - it receives the loan asset in return. This is very different from a province running a deficit...the things a province might run a deficit for don't return a financial asset. Even though they often result in an increase in future collectible taxes. Like healthcare.
Run deficit, pay for healthcare. Have alive citizens.Tax their income. Pay off deficit. Only the deficit is counted in this scenario.
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