Federal Public Debt Charges Expected to Hit $53 Billion by 2024: Parliamentary Budget Office

Parliamentary Budget Officer Yves Giroux waits to appear before appearing at the Senate Committee on National Finance in Ottawa on Oct. 25, 2022. The Canadian Press/Adrian Wyld

Federal debt charges are expected to hit $53 billion by 2024, says the Parliamentary Budget Office in its “Risk Scenario Analysis” report.

Published on Nov. 10, the report says that the debt service ratio, which is public debt charges relative to tax revenues, is projected to reach 14.3 percent in 2024.