interest payments

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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.

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The evolution of federal debt interest costs in Canada

The federal government has seemingly ditched the debt-averse approach that largely prevailed in Ottawa since the mid-1980s.

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Ontario will run its eighth consecutive budget deficit in 2015/16, with a projected $7.5 billion shortfall.

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Since 2007/08, combined federal and provincial government net debt has grown from $834 billion to $1.3 trillion.