Interest payments on the federal debt are expected to equal $20.2 billion in 2020/21.
Newfoundland and Labrador has the highest per-person total government debt among the provinces at $48,478.
Ottawa is expected to spend $24.4 billion on federal government debt interest costs in 2019/20.
The Trudeau government projects a $26.6 billion deficit for 2019-20.
Ottawa’s total debt will hit a projected $1.2 trillion in 2019.
Alberta’s portion of the federal debt totals approximately $135 billion.
Today’s federal-provincial net debt breaks down to $39,483 of government debt for every man, woman and child in Canada.