Canada has the fifth-highest level of total government debt among 29 industrialized countries.
debt and deficit
August 9, 2021
10:42AM
The Trudeau government plans to implement new spending programs including national childcare and pharmacare.
April 20, 2021
10:29PM
Program spending is projected to increase from pre-pandemic levels by 15.2 per cent in 2021/22.
March 25, 2021
1:44PM
The string of deficits will increase Nova Scotia’s government debt by nearly 40 per cent from 2019/20 to 2024/25.
October 23, 2020
11:45AM
The federal debt will reach nearly 70 per cent of GDP by 2050.
August 28, 2020
1:59PM
If Prime Minister Trudeau keeps his commitment to no new taxes, borrowing will finance the proposed expansion.
December 19, 2019
10:58AM
Total federal expenditures will grow to a projected $420.5 billion in 2024-25.
August 30, 2019
10:17AM
Federal government spending (per person) is at a record high.
August 20, 2019
1:00AM
August 8, 2019
3:50PM
No Opposition party has signalled it would balance the budget in the near- or medium-term.