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The total financial liabilities or gross debt of the Canadian consolidated provincial, territorial and local governments (PTLG) was $1,460 billion in 2021 (the fiscal year ending 31 March 2022), as shown in the table below. [3] Provincial government gross debt is a substantial proportion of the $2,942 billion of public debt obligations of ...
In 2024, Canada's federal government spending reached unprecedented levels, with the Trudeau government's spending patterns marking significant records in the economic history of Canada. Between 2018 and 2024, the administration recorded the seven highest years of per-person spending in Canada's history. By 2024, inflation-adjusted spending per ...
In 2024 the Canada's General government gross debt-to-GDP ratio was 106%, [7] compared to the United States at 121 %. [8] According to the IMF's 2018 annual Article IV Mission to Canada, compared to all the G7 countries, including the United States, Canada's "total government net debt-to-GDP ratio", is the lowest. [9]
The Canadian federal budget for the fiscal years of 2024–25 was presented to the House of Commons by Finance Minister Chrystia Freeland on 16 April 2024. [1] The budget's slogan is "Fairness for every generation", suggesting the government planned to help younger people.
For 2023–24 to 2026–2027: Net debt are estimates from Table A15, Budget 2024: Budget and Fiscal Plan 2024/25 – 2026/27, British Columbia Ministry of Finance. [ 2 ] Table definitions : Per capita net debt is calculated using the population on July 1 in the fiscal year (e.g. for 2022–23 net debt is divided by population on 1 July 2022).
Debt (Billions): $18.36 Debt Per Person ($): $2,737.92 2019 Gross Debt/GDP (%): 68.31 Click to continue reading and see the 20 countries with the most debt per capita and the highest debt to GDP ...
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Canadian government debt, also called Canada's public debt, is the liabilities of the government sector. For 2019 (the fiscal year ending 31 March 2020), total financial liabilities or gross debt was $2.434 trillion for the consolidated Canadian general government (federal, provincial, territorial, and local governments combined).