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The International Monetary Fund's (IMF) World Economic Outlook reports that for 2021 Canada's net debt-to-GDP ratio was 32% and the gross debt-to-GDP ratio was 113%. [51] According to the IMF, for the last 15 years, Canada had the lowest net debt-to-GDP ratio, at around 33%, among G7 countries. [52]
[1]: 81 A debt instrument is a financial claim that requires payment of interest and/or principal by the debtor to the creditor in the future. Examples include debt securities (such as bonds and bills), loans, and government employee pension obligations. [1]: 207 Net debt equals gross debt minus financial assets that are debt instruments.
The Ontario Financing Authority, which manages the provinces' debt, says that as of March 31, 2020 (for the 2019-20 fiscal year), the Ontario government's net debt is CDN $353.3 billion. [3] Net debt is projected to rise to $398 billion in 2020-21. The Debt-to-GDP ratio for 2019-2020 was 39.7%, and is projected to rise to 47.1% in 2020-21. [6]
OTTAWA (Reuters) -Canada's Finance Minister Chrystia Freeland declined to say on Tuesday whether the country would achieve its deficit target for the last fiscal year, fueling economists ...
US debt clock on Monday, Oct. 30, 2023. ... The last year the US ran an annual surplus was 2001, as Democratic President Bill Clinton was leaving office. ... That’s basically how we got from a ...
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] Canada has been the G7 leader in economic growth since 2016. [9] The unemployment rate in Canada is at its lowest level since c.1978. [9]
Today, the national debt actually exceeds the GDP of the entire U.S. economy, hitting $33.84 trillion. In the past few years, the national debt has risen dramatically due to increased spending on ...
This is a list of countries by estimated future gross [clarification needed] central government debt based on data released in October 2020 by the International Monetary Fund, with figures in percentage of national GDP.