The Liberals ran three years of deficits totalling $51.9 billion, more than double the amount promised during the campaign.
federal deficits
January 19, 2021
9:58AM
January 13, 2021
9:25AM
Ottawa expects the federal deficit to reach $381.6 billion in 2020/21.
December 7, 2020
1:06PM
The federal net debt may rise from $812.9 billion in 2019-20 to more than $1.4 trillion by 2025-26.
December 3, 2020
3:49PM
Eliminating the entire equalization program this year would reduce the federal deficit by only 5.4 per cent.
December 3, 2020
3:45PM
This year's federal budget deficit will reach an estimated $381.6 billion.
December 2, 2020
10:43AM
Up to $22.3 billion of income stabilization spending was likely wasted or poorly targeted.
November 23, 2020
4:46PM
Federal net debt for 2020-21 will likely exceed $1.1 trillion.
October 26, 2020
3:49PM
Canada ranks 6th highest among 35 high-income for the share of the economy represented by government spending.
October 23, 2020
11:45AM
The federal debt will reach nearly 70 per cent of GDP by 2050.
September 23, 2020
3:02PM
Ottawa plans to create a national childcare system and introduce more “green” spending initiatives.