Federal deficit estimates range from $100 billion to $200 billion for fiscal year 2020-21.
federal government spending
The COVID-19 bill effectively eliminates the need for all parties to work together to pass spending legislation for the next six months.
The national debt will hit an estimated $713.2 billion this year.
Between 2007 and 2018, Alberta workers contributed a net $12.3 billion to employment insurance.
According to current projections, the federal deficit will reach $26.6 billion this year.
Ottawa’s total debt will hit a projected $1.2 trillion in 2019.
The federal deficit this year will increase from original budget estimates of $19.8 billion to $26.6 billion.
The Trudeau government's per-person spending is expected to reach $9,066.
The federal debt-to-GDP ratio increased from 30.8 per cent to 31.0 per cent.