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 debt
Default risk and exchange-rate risk increase for foreign lenders as they increase their holdings of any government’s debt.
Newfoundland and Labrador has the highest per-person total government debt among the provinces at $48,478.
Ottawa is expected to spend $24.4 billion on federal government debt interest costs in 2019/20.
The Trudeau government projects a $26.6 billion deficit for 2019-20.
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.