Continue to reduce the federal debt-to-Gross Domestic Product ratio.

What success looks like

A federal debt-to-Gross Domestic Product (GDP) ratio that continues to go down.

Government's narrative on progress

The government is committed to building a strong middle class, making investments that lead to economic growth and reducing Canada’s already low debt-to-GDP ratio. The federal debt-to-GDP ratio fell by 0.8 percentage points in 2017-18 and is expected to continue to fall over the forecast horizon. The government will maintain this downward debt ratio track, preserving Canada's low-debt advantage for current and future generations. At 3% growth, Canada had the strongest economic growth of all G7 countries in 2017, and was second only to the U.S. in 2018. Today, over 900,000 more Canadians are working compared with November 2015; wages are up, the unemployment rate is near 40-year lows, and Canada is maintaining its low-debt advantage. The government's approach has received praise from organizations including the International Monetary Fund.

Note: this is the government's own description, not an independent assessment.