Peter Munk Centre for Free Enterprise Education
Canada’s federal net debt will climb to $831.5 billion by 2022-23.
This $51 billion increase in spending represents total growth of 20.1 per cent in just three years.
The $10.3 billion deficit the province plans to run this year is just shy of the provincial record of $10.8 billion set last year.
Prime Minister Trudeau is on track to increase per-person federal debt more than any other prime minister in Canadian history who didn’t face a world war or economic recession.
In the last 37 fiscal years, the province has only posted seven budget surpluses.
The province is expected to run a $192 million deficit in 2017-18.