Program spending is set to grow again by 1.8 per cent this year.
federal government debt
All the estimates converge to a federal deficit of more than $12 billion by 2022-23.
The Trudeau government spent $8,639 per person in 2018-19.
The federal deficit is now about $19 billion.
Federal program spending will reach a projected $321.5 billion next year—up 22.2 per cent since 2015.
According to recent estimates, the government won’t achieve a balanced budget until 2045.
The annual deficit from a recession could increase from its current level of $19 billion to almost $50 billion.
Over a ten-year period, Canada’s general government gross debt rose from 69 per cent to 87 per cent.