Per-person federal government program spending will reach an estimated $16,350 in 2020.
Federal net debt for 2020-21 will likely exceed $1.1 trillion.
The federal debt will reach nearly 70 per cent of GDP by 2050.
In the 1990s, federal debt-interest costs routinely eclipsed 30 per cent of revenues.
The federal budget deficit has skyrocketed to 15.9 per cent of Canada's economy.
Ontario entered this recession with an already elevated government debt burden.
The Trudeau government ran consistent deficits and accumulated significant debt over its first four years in office.
This year's federal budget deficit will be an estimated $343.2 billion.
The national debt is approaching $1 trillion.