Federal debt interest will cost a projected $42.9 billion in 2026/27.
The federal debt is expected to eclipse $2 trillion by 2025-26.
Rules that impose mandatory fiscal discipline help produce better and more responsible fiscal outcomes.
Only seven industrialized countries had higher levels of government indebtedness than Canada.
According to forecasts, Canada will be the worst-performing advanced economy from 2020 to 2030.
Prudent fiscal management means working quickly to return to pre-recession debt levels.
Canada ranked 30th of 38 industrial countries for its average rate of economic growth from 2015 to 2019.
On health-care wait times, Canada consistently ranks lowest among comparable countries with universal health care.