The government says $101 billion in stimulus spending is required for “sustained economic recovery.”
The federal debt-to-GDP ratio will reach 51.2 per cent, the highest level since 1999.
Federal debt as a share of the economy will reach roughly 56 per cent, the highest percentage since 1998.
Nearly 60 per cent of the Liberal infrastructure spending was on “green” and “social” projects.
At 79 per cent, Canada had the fastest growth in its debt-to-GDP ratio in the G-7.
Ottawa annually pocketed $22 billion more in revenue from Alberta than it spent in the province.
The Liberals ran three years of deficits totalling $51.9 billion, more than double the amount promised during the campaign.
Ottawa expects the federal deficit to reach $381.6 billion in 2020/21.