According to the budget, debt interest payments will total $13.1 billion in 2021/22.
Blog - Fraser Forum
Within two fiscal years of Chretien's 1995 budget, federal finances had moved from large deficits to surpluses.
Most of Ontario’s February employment gains were for part-time work.
The federal government has seemingly ditched the debt-averse approach that largely prevailed in Ottawa since the mid-1980s.
According to the 2020 budget, the government will spend an estimated $12.5 billion on debt interest.
By 2020/21, the provincial net debt equaled $27,010 per Ontarian.
The provincial government projects a $112 million operating deficit this year.
Ontario's debt interest costs are expected to increase to $13.9 billion in 2022/23.
Government debt interest payments in P.E.I. currently amount to $123 million annually.
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