The federal and provincial governments will run combined deficits of $86 billion in 2022.
The Legault government in Quebec tabled its first budget last week.
In 2018, the province's net debt represented 43 per cent of the economy.
Ontario and Alberta are projecting budget deficits for years to come.
Between now and 2022/23, Alberta’s per-person debt is projected to grow by 157 per cent.
The province posted a $2.2 billion surplus in 2015/16.
The day before delivering his budget speech, Quebec Minister of Finance Carlos Leitão called the budget a “good news budget.” Indeed, Quebec’s 2015 budget continues to make progress on tackling deep-rooted fiscal problems.
There are times when a problem can be solved with a small fix and perhaps a little tinkering. And there are times when a big fix or fundamental reform is needed. Quebec’s government finances fall into the latter category.
Premier Couillard's government will table its first budget on June 4 and early signs suggest it's not going to be business as usual.