The federal government expects the deficit in 2018-19 to reach $18.1 billion and grow next year to $19.6 billion.
debt and deficit
Program spending this fiscal year will reach $320.2 billion.
Just six months into its 2018/19 plan, the government upped spending by $8 billion.
The PBO projects in 2042 Alberta will have more debt relative to the size of its economy than Ontario.
The government’s operating deficit now stands at $14.5 billion—only half a billion less than the pre-update status quo.
Deficits and debts are not free money—they come at a cost.
Quebec is currently the most indebted province relative to the size of the provincial economy.
Ontario’s debt grew by 107 per cent over 10 years.
New Brunswick's debt load will climb to an estimated 115 per cent of GDP over the next 25 years.
Since 1990-91, the province has run deficits 20 out of 27 years.