These deficits have fuelled an $867.2 billion increase in gross federal debt from 2014/15 to 2022/23.
federal government debt
March 2, 2024
4:30AM
The inability to control spending remains the primary reason for Ottawa's string of deficits.
February 12, 2024
2:30AM
According to government projections, federal debt interest costs in 2023/24 will reach $46.5 billion.
February 1, 2024
1:00AM
January 29, 2024
9:48AM
Nearly a decade of uninterrupted deficits has increased the federal debt by $941.9 billion.
January 26, 2024
10:06AM
From 2021/22 to 2023/24, federal debt interest costs increased from $24.5 billion to $46.5 billion.
January 23, 2024
10:35AM
The government now expects to spend $58 billion more than its 2023 budget projections.
January 13, 2024
12:00AM
Federal gross debt will reach a projected $2.4 trillion by 2027-28.
January 12, 2024
9:03AM
Since 2007-08, combined federal and provincial government net debt has increased by roughly $1 trillion.
January 10, 2024
2:30AM
The 1995 federal budget began a process of major policy reforms that put the government on a path to fiscal balance.