Rising interest rates will put additional pressure on federal finances.
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.
March 20, 2023
4:12PM
The effects of a recession could set off a debt “doom loop” with the debt ratio spiralling upward.
November 18, 2022
9:36AM
According to forecasts, federal spending will be $89.2 billion higher than previously projected for 2022/23 and $80.7 billion higher in 2023/24.
