debt interest payments

2:30AM
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Federal debt interest will consume nearly one quarter of income tax revenue in 2024

From 2015/16 to 2022/23, the government added more than $820 billion in gross federal debt.


2:30AM
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Canadians in three provinces will spend roughly the same on debt interest as K-12 education

Provincial and federal net debt has increased by $1.0 trillion from 2007/08 to 2023/24.


2:30AM
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Federal government expected to break ‘David Dodge Rule’ on debt interest

According to government projections, federal debt interest costs in 2023/24 will reach $46.5 billion.


10:06AM
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Federal government debt interest costs nearly double in just two years

From 2021/22 to 2023/24, federal debt interest costs increased from $24.5 billion to $46.5 billion.


12:30PM
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Ottawa and Washington wasted many billions during COVID

Overpayment recipients included 1,522 prisoners, 391 dead people and 434 children too young to be eligible.


9:49AM
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Debt interest costs threaten sustainability of federal finances

According to forecasts, Ottawa's annual debt interest costs will eclipse $50 billion by 2028.


1:42PM
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Government debt interest costs rising across Canada

Federal debt interest costs will reach a forecasted $43.9 billion in 2023/24.