Globe and Mail: The good and bad news with Ottawa’s rising debt charge burden
Canada’s latest federal budget offered “a blip of good news” for debt watchers, as interest payments last year came in slightly lower than expected, but the outlook ahead is far less reassuring. Public debt charges are projected to soar 42.5% to $76 billion by 2029-30, with Ottawa warning that “higher rates and rising spending” could push debt costs to nearly 90 per cent of total federal health and social transfers within five years.
