what is canada's debt to gdp ratio
Canadian public debt The Canadian government debt, commonly called the "public debt" or the "national debt", is the amount of money owed by the Government of Canada to holders of Canadian Treasury security. In 2013, this number stood at CAD$1.2 trillion across federal and provincial governments.[1] With the total GDP somewhere around CAD$1.8 trillion, Canada's overall debt/GDP ratio is around 66%. "Gross debt" is the national debt plus intragovernmental debt obligations or debt held by trust funds. Types of securities sold by the government include treasury bills, notes, bonds, Real Return Bonds, Canada Savings Bonds, and provincial government securities.
Government debt Public debt is the total of all borrowing of a government, minus repayments denominated in a country's home currency. CIA's World Factbook lists only the percentages of GDP; the total debt and per capita amounts have been calculated in the table below using the GDP (PPP) and population figures of the same report.
United States foreign aid Total economic and military assistance: $43.10 billion
Canadian public debt With a recession, and an increase in federal spending from 2008, the federal debt grew by $5.8 billion in 2008â€“09. Large annual deficits from 2008 to 2013 has Canadian debt surpassing the $600 billion mark by November 2012, making it larger than the 1997 peak in absolute dollars (although far smaller in comparison to GDP). Starting in 2014, Canada returned to balanced budgets and has posted a small surplus (despite the debt continuing to increase in the following table).