According to the budget, deficits over five years will add more than $153 billion in additional federal debt.
From 2015/16 to 2022/23, the government added more than $820 billion in gross federal debt.
According to government projections, federal debt interest costs in 2023/24 will reach $46.5 billion.
The quarterly declines in real per-person GDP have occurred before, during and after the pandemic.
From 2021/22 to 2023/24, federal debt interest costs increased from $24.5 billion to $46.5 billion.
The government now expects to spend $58 billion more than its 2023 budget projections.
Over the past eight years, Canada's growth in real GDP per person is a paltry 1.6 per cent versus 14.7 per cent in the United States.