By 2024/25, federal debt is expected to hit $787.4 billion.
In 2018, federal government spending (per-person inflation-adjusted) reached its highest point in Canadian history.
If the conditions of the 2008-09 recession were repeated, the annual deficit would skyrocket to $120.5 billion.
For April and May of this year, federal government program spending increased by $6.3 billion.
Ontarians are on the hook for approximately 40 per cent of the federal government’s net debt.
George W. Bush increased the ratio by 27.5 percentage points.
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.