According to current projections, the federal deficit will reach $26.6 billion this year.
The deficit is now pegged at $26.6 billion for 2019/20—$6.8 billion more than originally planned in last spring's budget.
The federal debt-to-GDP ratio increased from 30.8 per cent to 31.0 per cent.
The Bank of Canada recently reiterated its long-term expectation that economic growth will decline to 1.3 per cent.
Federal government spending (per person) is at a record high.