The annual deficit from a recession could increase from its current level of $19 billion to almost $50 billion.
budget deficit
February 1, 2018
9:08AM
Upon assuming power, the Trudeau government immediately increased budgeted federal program spending by $8.1 billion over 2015-16 to 2019-20.
July 17, 2017
12:14PM
During its first full year in power, the Trudeau government increased spending by a whopping 7.4 per cent.
May 30, 2017
9:47AM
Alberta’s budget deficit in 2015/16 was $2,513 per person.
May 12, 2017
8:55AM
Prime Minister Justin Trudeau’s expected level of per person spending this fiscal year ($8,337) is just $38 less than the all-time high.
October 13, 2016
10:25AM
Since 2007, Ontario has seen its net debt approximately double, from $157 billion to $308 billion.
September 1, 2016
1:58PM
Starting in 1995, Prime Minister Jean Chretien and Finance Minister Paul Martin reduced program spending, balanced the budget and cut taxes.
April 5, 2016
3:17PM
By the early 1990s, a third of all federal government revenue was being used simply to pay interest on the debt.
February 25, 2016
10:27AM
Once new major spending is factored in, the annual deficit is likely to be more than $25 billion.