The federal budget deficit has skyrocketed to 15.9 per cent of Canada's economy.
Trudeau government—and provincial governments across Canada—can learn from past fiscal consolidations
The Trudeau government’s recent fiscal update forecasted a $343 billion deficit this year.
Policy uncertainty is at an all-time 35-year high in Canada.
The Trudeau government ran consistent deficits and accumulated significant debt over its first four years in office.
The national debt is approaching $1 trillion.
Between the early 1970s and the mid-1990s, the federal government ran a deficit every year.
The federal deficit this year will reach an estimated $184.2 billion.
The Trudeau government has run five consecutive deficits since taking office in 2015 and is expected to have accumulated approximately $84.3 billion in federal debt—$713.2 billion total—by the end of 2019-20.
The Trudeau government projects a $26.6 billion deficit for 2019-20.