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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 ...
Federal debt nearly doubled from 2014–15 to 2024–25, approaching $2.1 trillion, with forecasts suggesting an additional $400.1 billion increase by March 2029 due to projected deficits in future plans. [12] [13] The per-person debt burden reached $51,467 by 2024, exceeding near-crisis levels present in 1995 by 12.3%. [14] [15]
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]
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).
Updated December 5, 2024 at 1:22 PM. Illustration photo of a Canada Dollar note. ... Canadian bond yields edged lower across the curve, with the 10-year down 1.4 basis points at 3.064%.
In this article we are going to talk about most indebted countries in the world. Click to skip our discussion and jump to the 20 countries with the most debt per capita and the highest debt to GDP ...
Net debt as a percentage of GDP is calculated using nominal GDP for the calendar year ending in the fiscal year (e.g. for 2022–23, net debt is divided by GDP for the 2022 calendar year.) GDP is from Statistics Canada. [10] The net debt series begins in 1998–99 since earlier data is not directly comparable, due to a break in the data ...
The year 2024 was one for the history books, and 538's visual journalists and reporters were hard at work explaining the data behind the news with visualizations and interactives.