Economy Budget

Lower the federal debt-to-GDP ratio for 2015/2016 to 31%.

Broken
Liberal Platform | Page 74
October 5, 2015

Friday October 7, 2016 | Department of Finance

Annual Financial Report of the Government of Canada

The federal debt (the difference between total liabilities and total assets) stood at $616.0 billion at March 31, 2016. The federal debt-to-GDP (gross domestic product) ratio was 31.1 per cent, up slightly from the previous year.