The 1995 federal budget began a process of major policy reforms that put the government on a path to fiscal balance.
federal government debt
January 6, 2024
4:30AM
Federal debt interest costs increased by 90 per cent in just two years.
November 21, 2023
3:51PM
Projected federal spending from 2024 to 2027 is now $30.7 billion higher than previous forecasts.
November 17, 2023
3:00AM
Since 2014/15, federal government debt interest costs have nearly doubled.
June 13, 2023
9:49AM
According to forecasts, Ottawa's annual debt interest costs will eclipse $50 billion by 2028.
June 8, 2023
2:30AM
According to forecasts, the federal deficit will eclipse $40 billion this year.
May 9, 2023
1:42PM
Federal debt interest costs will reach a forecasted $43.9 billion in 2023/24.
April 28, 2023
1:00PM
Canada's gross government debt is equal to 111 per cent of the country's GDP.
April 21, 2023
3:00AM
Federal program spending is expected to grow by $132.7 billion—or 41 per cent—between 2014/15 and 2023/24.
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.