Interest payments on the federal debt are expected to equal $20.2 billion in 2020/21.
The Trudeau government projects a $26.6 billion deficit for 2019-20.
According to current projections, the federal deficit will reach $26.6 billion this year.
Alberta’s portion of the federal debt totals approximately $135 billion.
Total federal expenditures will grow to a projected $420.5 billion in 2024-25.
Since Justin Trudeau entered office, per-person spending has increased by 17.5 per cent in just four years.
By 2024/25, federal debt is expected to hit $787.4 billion.
In 2009, regular EI benefits surged by 43.4 per cent or nearly $5.0 billion.
In 2018, federal government spending (per-person inflation-adjusted) reached its highest point in Canadian history.
Federal program spending (per person) hit an estimated $8,869 in 2018, the highest level in Canadian history.