The Canadian social security government debt is forecasted to rise consistently from 2024 to 2028, starting from 99.99 billion USD in 2024 to 116.28 billion USD in 2028. The year-on-year percentage increases are projected as: 4.2% from 2024 to 2025, 3.94% from 2025 to 2026, 3.72% from 2026 to 2027, and 3.52% from 2027 to 2028. Over these five years, the compound annual growth rate (CAGR) stands at approximately 3.78%, indicating a steady rise in social security debt levels.
Future trends to watch include potential shifts in government policy impacting social security funding, demographic changes affecting expenditure on social security, and macroeconomic conditions that could influence borrowing costs and strategies for managing the national debt.
