All the estimates converge to a federal deficit of more than $12 billion by 2022-23.
federal government spending
The Trudeau government spent $8,639 per person in 2018-19.
Per-person spending levels reached $8,639 in 2018 under Prime Minister Justin Trudeau—only $72 short of the all-time high.
The risks of a recession this year or next are real.
Per-person spending last year was only $72 short of the all-time high reached during the 2009 recession.
Program spending this fiscal year will reach $320.2 billion.
Federal program spending will reach a projected $321.5 billion next year—up 22.2 per cent since 2015.
The annual deficit from a recession could increase from its current level of $19 billion to almost $50 billion.