According to forecasts, the federal deficit will eclipse $40 billion this year.
federal government debt
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.
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.
February 22, 2023
9:35AM
Federal and provincial government debt has nearly doubled from $1.1 trillion in 2007/08 to $2.1 trillion in 2022/23.
February 1, 2023
4:00AM
Since 2015, the federal government has run eight consecutive deficits.