The Trudeau government projects a $26.6 billion deficit for 2019-20.
federal government debt
Ottawa’s total debt will hit a projected $1.2 trillion in 2019.
Alberta’s portion of the federal debt totals approximately $135 billion.
The federal deficit this year will increase from original budget estimates of $19.8 billion to $26.6 billion.
Today’s federal-provincial net debt breaks down to $39,483 of government debt for every man, woman and child in Canada.
The Trudeau government's per-person spending is expected to reach $9,066.
The deficit is now pegged at $26.6 billion for 2019/20—$6.8 billion more than originally planned in last spring's budget.
Total federal expenditures will grow to a projected $420.5 billion in 2024-25.
Program spending could grow by nearly $50 billion in just five years