The federal debt has grown from $1.2 trillion in 2014 to $1.9 trillion in 2021—an increase of 51 per cent.
deficit-financed spending
March 28, 2022
10:23AM
The federal debt is expected to eclipse $2 trillion by 2025-26.
July 25, 2014
6:00AM
The 2007/08 recession knocked many Canadian governments off the sound policy footing of balanced budgets, falling debt levels, and tax relief. After a sustained period of deficit spending, the federal government now seems poised to balance the budget.