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.
federal government budget
The Trudeau government projects a $26.6 billion deficit for 2019-20.
The federal debt-to-GDP ratio increased from 30.8 per cent to 31.0 per cent.
Program spending could grow by nearly $50 billion in just five years
By 2024/25, federal debt is expected to hit $787.4 billion.
In 2018, per person program spending (inflation adjusted) reached $8,869, the highest point in Canadian history.
Albertans made a net contribution of more than $20 billion in 2017/18.