The Trudeau government ran consistent deficits and accumulated significant debt over its first four years in office.
The national debt is approaching $1 trillion.
Between the early 1970s and the mid-1990s, the federal government ran a deficit every year.
The federal deficit this year will reach an estimated $184.2 billion.
The Trudeau government has run five consecutive deficits since taking office in 2015 and is expected to have accumulated approximately $84.3 billion in federal debt—$713.2 billion total—by the end of 2019-20.
The Trudeau government projects a $26.6 billion deficit for 2019-20.
According to current projections, the federal deficit will reach $26.6 billion this year.
Alberta’s portion of the federal debt totals approximately $135 billion.
Total federal expenditures will grow to a projected $420.5 billion in 2024-25.