Going beyond just these instances, government balance sheets in numerous countries have taken on considerable burdens as a result of the crisis, and markets are beginning to focus on issues of sustainability. (rba.gov.au)
According to Green, however, the debt problems at the local level could probably be mitigated if it is transferred to the central government balance sheet given the country's strong growth rate and rising tax revenues. (carnegieendowment.org)
Yet one might feel more lenient toward Canada's provinces after considering that they shoulder the brunt of what is expected to become one of the heaviest burdens on government balance sheets across the industrialized world: health care costs. (macleans.ca)