This government has not released a long-term forecast of spending, taxation and borrowing since 2018.
federal budget
November 5, 2020
10:06AM
The Trudeau Liberals initially promised to run deficits for three years to finance spending increases.
September 23, 2020
2:02AM
As the baby boomers continue to retire, the proportion of working Canadians will also decline.
August 19, 2020
3:44PM
The federal budget deficit in 2020-21 will be the largest in Canadian history.
July 2, 2020
11:49AM
The CERB is now estimated to cost $61.1 billion compared to the original estimate of $40.6 billion.
June 30, 2020
4:13PM
Between the early 1970s and the mid-1990s, the federal government ran a deficit every year.
May 27, 2020
12:32PM
Total expected federal per-person spending will eclipse $13,000 in 2020-21.
April 20, 2020
2:20PM
Ottawa raised personal income tax rates on Canadian workers.
April 15, 2020
6:00AM
The federal debt going into this recession would have been $617.9 billion rather than the expected $713.2 billion.