The annual deficit from a recession could increase from its current level of $19 billion to almost $50 billion.
Upon assuming power, the Trudeau government immediately increased budgeted federal program spending by $8.1 billion over 2015-16 to 2019-20.
During its first full year in power, the Trudeau government increased spending by a whopping 7.4 per cent.
Alberta’s budget deficit in 2015/16 was $2,513 per person.
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.
Since 2007, Ontario has seen its net debt approximately double, from $157 billion to $308 billion.
Starting in 1995, Prime Minister Jean Chretien and Finance Minister Paul Martin reduced program spending, balanced the budget and cut taxes.
By the early 1990s, a third of all federal government revenue was being used simply to pay interest on the debt.
Once new major spending is factored in, the annual deficit is likely to be more than $25 billion.