federal government debt

12:30PM
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If you spent and borrowed like Ottawa you’d be in big trouble

Federal gross debt will reach a projected $2.1 trillion this year, nearly double the $1.1 trillion held in 2015/16.


2:30AM
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Ignore Ottawa’s talking points—Canada is a highly indebted country

In 2024, federal debt interest costs are expected to eclipse $54 billion.


2:30AM
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Federal government’s fiscal record—one for the history books

The size of the federal government has expanded by more than one quarter in a decade.


4:00AM
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Federal government poised to miss another self-imposed fiscal target

These deficits have fuelled an $867.2 billion increase in gross federal debt from 2014/15 to 2022/23.


4:30AM
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Federal government will likely violate another self-imposed fiscal rule

The inability to control spending remains the primary reason for Ottawa's string of deficits.


2:30AM
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Federal government expected to break ‘David Dodge Rule’ on debt interest

According to government projections, federal debt interest costs in 2023/24 will reach $46.5 billion.