The federal debt-to-GDP ratio will increase to 42.4 per cent in 2023-24 then climb higher in 2024-25.
federal finances
November 21, 2023
3:51PM
Projected federal spending from 2024 to 2027 is now $30.7 billion higher than previous forecasts.
November 9, 2023
12:00PM
By the end of this fiscal year, the federal government will have racked up $591.9 billion in debt since 2015.
October 5, 2023
3:30AM
Canada's employment rate actually ticked down from 62.0 per cent in July to 61.9 per cent in August.
June 7, 2023
9:10AM
Rising interest rates will put additional pressure on federal finances.
March 31, 2023
3:36PM
By 2027/28, the forecasted annual cost of federal debt interest will exceed $50 billion—or more than $1,200 per Canadian.
March 29, 2023
11:32AM
Federal debt is projected to rise from 42.4 per cent of GDP in 2022 to 43.5 per cent of GDP in 2023.
March 28, 2023
3:33PM
The budget projects a deficit of $40.1 billion in 2023/24, which is nearly $10 billion higher than projections in November.
March 26, 2023
4:00AM
The federal debt-to-GDP ratio is on track to increase between 2022-23 and 2023-24.
March 24, 2023
3:00AM
The total value of government debt in 2022 in Canada exceeded the entire size of the economy by more than 10 per cent.