Canada is projecting a $343bn ($241bn, £200bn) deficit - more than a 1000% increase - for the upcoming fiscal year.
The government has been pumping money into the economy since March, to mitigate the effects of the pandemic.
It is the largest deficit, when compared to the country's GDP, since World War Two.
About a third of the workforce is unemployed, and the economy is expected to shrink by almost 7% this year.
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