Federal program spending is expected to grow by $132.7 billion—or 41 per cent—between 2014/15 and 2023/24.
federal government debt
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.
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.
August 11, 2022
10:43AM
According to projections, the federal debt will reach nearly $2 trillion in 2026-27.
August 3, 2022
8:55AM
If interest rates exceed economic growth rates, debt becomes unstable.