First: What is the most current estimate of the Canadian Federal Government's 2020/2021 budget deficit?(Note: The government did not actually release a formal budget for this period due to the pandemic, but you can still get estimates).Provide your source.Compare this deficit to the budget balance over the past 20 years and comment on this.

Second: What is the most current estimate of the Canadian Federal (Central) Government Debt, or overall government debt in Canada (which includes federal, provincial, and other levels of government)? Make sure you state which one you are using and provide your source. Compare this to the past 20 years and provide your comments.

Thirdly, should you be worried about these deficit and debt levels, or are these levels nothing to worry about?Why or why not - give your reasons?(You may want to consider the debt to GDP ratio or other measures.)How do you think our deficits and debt will change in the near future?How might they affect you in your own future?Please back up all your comments with well thought out reasoning.