Mr. Speaker, with regard to (a), the federal debt, or difference between the Government of Canada’s total liabilities and its total assets, is calculated on a monthly basis, once the annual financial results for the previous fiscal year, including the closing balance of the federal debt, have been finalized, audited, and published. The federal debt stood at $613.3 billion as of October 31, 2015, the month-end closest to November 4, 2015.
With regard to (b), based on the most recent finalized monthly results available, of August 31, 2016, the federal debt stood at $622.4 billion.
With regard to (c), as per the November 2016 “Update of Economic and Fiscal Projections”, the projection of the federal debt is (i) for 2016-17, $642.0 billion; (ii) for 2017-18, $669.8 billion; and (iii) for 2018-19, $695.7 billion.