The federal government expects the deficit in 2018-19 to reach $18.1 billion and grow next year to $19.6 billion.
deficit spending
Program spending this fiscal year will reach $320.2 billion.
Just six months into its 2018/19 plan, the government upped spending by $8 billion.
Once its net debt reaches $48 billion in 2020/21, Alberta will have burned through $83 billion in net assets in 13 years.
Canada’s federal net debt will climb to $831.5 billion by 2022-23.
This $51 billion increase in spending represents total growth of 20.1 per cent in just three years.
Prime Minister Trudeau is on track to increase per-person federal debt more than any other prime minister in Canadian history who didn’t face a world war or economic recession.
The NDP-Green tax changes, if fully implemented, will increase the tax burden for the average British Columbian family by $594.
The federal government plans to spend $8,337 (per person) this fiscal year.