when did canada last have a balanced budget
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).
Liberal Party of Canada During the beginning of the 21st century, the party lost a significant amount of support, to the benefit of both the Conservatives and the NDP. In the 2011 federal election, the Liberals had the worst showing in its history, capturing only 19 percent of the popular vote and 34 seatsâ€”becoming the third-place party in the House of Commons for the first time.[17] In the 2015 federal election, the Liberal Party under Justin Trudeau returned to prominence with its best showing since the 2000 election, winning 39.5 percent of the popular vote and 184 seats, thus regaining a majority of seats in the House of Commons.