According to projections, the federal debt will reach nearly $2 trillion in 2026-27.
federal spending
July 27, 2022
9:37AM
This year the federal government expects to spend $52.8 billion more than it has in revenues.
July 22, 2022
9:54AM
The federal debt has grown from $1.2 trillion in 2014 to $1.9 trillion in 2021—an increase of 51 per cent.
July 4, 2022
7:00AM
If the federal government reduced spending, it could help lower inflation and limit the increase in interest rates.
June 3, 2022
11:02AM
In 2020, the federal expenditure share jumped to 40 per cent.
May 12, 2022
10:52AM
Residents in all provinces already pay more than $550 per person annually on government debt interest.
May 6, 2022
3:00AM
The expansion of the Canada Child Benefit was financed largely by borrowing.
May 3, 2022
8:58AM
When linked to a GST hike, support for a national prescription drug program falls from 79 per cent to 40 per cent.
April 13, 2022
11:27AM
According to the PBO, 60 per cent of households in Alberta, Ontario, Saskatchewan and Manitoba will pay more in carbon taxes than what they receive in rebates.