The national debt in Canada was forecast to continuously increase between 2024 and 2029 by in total 255.5 billion U.S. dollars (+11.03 percent). After the tenth consecutive increasing year, the national debt is estimated to reach 2.6 trillion U.S. dollars and therefore a new peak in 2029. Notably, the national debt was continuously increasing over the past years. As defined by the International Monetary Fund, the general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future.
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IMF. (October 22, 2024). Canada: National debt from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 05, 2024, from https://www.statista.com/statistics/531406/national-debt-of-canada/
IMF. "Canada: National debt from 2019 to 2029 (in billion U.S. dollars)." Chart. October 22, 2024. Statista. Accessed November 05, 2024. https://www.statista.com/statistics/531406/national-debt-of-canada/
IMF. (2024). Canada: National debt from 2019 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 05, 2024. https://www.statista.com/statistics/531406/national-debt-of-canada/
IMF. "Canada: National Debt from 2019 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/531406/national-debt-of-canada/
IMF, Canada: National debt from 2019 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/531406/national-debt-of-canada/ (last visited November 05, 2024)
Canada: National debt from 2019 to 2029 (in billion U.S. dollars) [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/531406/national-debt-of-canada/