The federal debt-to-GDP ratio will increase to 42.4 per cent in 2023-24 then climb higher in 2024-25.
federal deficits
November 23, 2023
9:56AM
In reality, Canada’s government debt is high relative to other comparable countries.
September 14, 2023
1:00AM
August 22, 2023
4:30AM
The average Canadian family paid 45.3 per cent of its income in taxes last year.
July 19, 2023
11:23AM
From 2015 to 2022, the federal bureaucracy grew by 27 percentage points.
July 5, 2023
9:15AM
After recording eight consecutive budget deficits, the Trudeau government plans to run at least five more.
June 27, 2023
2:30AM
According to budget forecasts, the federal government will run a $40.1 billion deficit this year.
June 8, 2023
2:30AM
According to forecasts, the federal deficit will eclipse $40 billion this year.
June 7, 2023
9:10AM
Rising interest rates will put additional pressure on federal finances.
April 2, 2023
4:00AM
In just two fiscal years, Indigenous spending increased by $4 billion.