Since 2015/16, federal gross debt has approximately doubled from $1.1 trillion to an expected $2.1 trillion this year.
balanced budget
June 19, 2024
11:30AM
The federal government plans to run a $39.8 billion deficit in 2024/25.
April 27, 2024
4:30AM
Only two provinces plan to run budget surpluses this year.
November 2, 2023
3:55PM
The province's program spending will reach $193.0 billion this year—an increase of $2.3 billion from the budget tabled in March.
June 27, 2023
2:30AM
According to budget forecasts, the federal government will run a $40.1 billion deficit this year.
August 5, 2020
3:22PM
The federal budget deficit has skyrocketed to 15.9 per cent of Canada's economy.
June 20, 2019
2:42PM
The federal deficit could hit $34.4 billion should Canada go into recession.
February 27, 2018
2:02PM
The government has once again refused to set a timeline for returning to a balanced budget.
February 26, 2018
2:28PM
The Alberta government expects another budget deficit of more than $10 billion.
February 26, 2018
2:17PM
The reasonable approach to balancing the budget is to find savings and reduce spending—not raise taxes.