The government’s gross debt has increased by 50 percent while the federal Liberal Party has been in power, representing $47,179 per Canadian, according to a new report by the Montreal Economic Institute (MEI).
An Economic Note published April 18 by the MEI, an independent public policy think tank, indicates Canada’s total gross debt, referring to all of the federal government’s debts and unfunded financial commitments, was over $1.8 trillion as of March 31, 2022.
