Trudeau gov't gives itself permission to borrow $635 billion this year
The Canadian Press / Adrian Wyld
Justin Trudeau's Liberal government has approved its own request to borrow $635,000,000,000 for the fiscal year 2021-2022.
The news release states, in part:
For 2021-2022, an annual borrowing authority of $635 billion is required in order for the federal government to support Canadians and meet anticipated financial needs.
Canada currently holds more than $1,097,449,000,000 in federal debt.
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