The national debt is approaching $1 trillion.
Between the early 1970s and the mid-1990s, the federal government ran a deficit every year.
Such implicit or explicit assumptions invariably lead to unintended consequences.
Total expected federal per-person spending will eclipse $13,000 in 2020-21.
Whereas the Chrétien government used balanced budgets as a guiding fiscal anchor, the Trudeau government has not had an effective fiscal rule imposing discipline on its spending, taxing, and borrowing decisions, resulting in the federal government being less prepared to respond to the current recession.
The national debt will hit an estimated $713.2 billion this year.
Ottawa is expected to spend $24.4 billion on federal government debt interest costs in 2019/20.
The Trudeau government's per-person spending is expected to reach $9,066.