Yes, it\u0027s lower than expected, but it\u0027s still one of the largest peacetime deficits in Canadian history
While it’s smaller than what anyone was projecting — and much smaller than the bank-breaking deficits Canada posted at the height of the COVID-19 pandemic — it’s still one of the largest peacetime budget deficits in Canadian history.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The deficit is equivalent to $2.373.68 per Canadian. Put another way, the federal government accumulated $171,613.39 of new debt for every single minute of the 2021/2022 fiscal year.Article contentPhoto by Government of Canada
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